23148 Highway 5 Centerville, IA 52544
This ±1-acre commercial lot is located at 23148 Highway 5 in Centerville, Iowa, within Appanoose County (zip code 52544). The property's ideal location offers exceptional visibility and accessibility, making it perfect for a variety of commercial uses. Zoned for retail, restaurant, and professional office spaces, this corner lot presents a unique investment opportunity. The land is situated in a thriving area, providing ample potential for growth and return. Its size allows for flexibility in development plans, catering to various business needs and scales. The property's prime location ensures high traffic volume and exposure, attracting a large customer base. This is a rare chance to acquire a strategically positioned commercial lot in a desirable location with significant development potential. The property is ready for immediate development, offering a streamlined path to establishing a successful business. Serious inquiries are encouraged to explore this exceptional opportunity further. Coordinates: Latitude 40.71079022, Longitude -92.86783477.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.