0 San Marnan Dr Waterloo, IA 50701
This exceptional 2.3-acre commercial lot presents a compelling investment opportunity in Waterloo, Iowa. Strategically located in a prime business park setting, this property boasts unparalleled visibility due to its position between US Highway 20 and the major arterial San Marnan Drive, experiencing an average daily traffic count of 22,000 vehicles. The lot is zoned R-4 and R-P, offering flexibility for a variety of commercial developments. All necessary utilities are readily available, and the City of Waterloo offers Tax Increment Financing (TIF) incentives to qualified projects, further enhancing the financial attractiveness of this opportunity. The asking price is $776,457, translating to a price per square foot of $7.75. The property's APN is 881309201027. This high-traffic location, combined with available incentives and excellent highway visibility, makes this a truly exceptional opportunity for commercial development in a thriving Iowa market. The address is San Marnan Drive, Waterloo, IA 50701, within Black Hawk County.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.