8th 14Th Ave Altoona, IA 50009
This exceptional 1.51-acre commercial land parcel presents a unique investment opportunity in Altoona, Iowa. Located at the intersection of SW 8th Street and 14th Avenue SE, zip code 50009, this property boasts a prime location within a planned residential community, ensuring high visibility and accessibility. Its strategic adjacency to the Edencrest Senior Community guarantees a built-in customer base and strong potential for synergistic business ventures. The site is fully serviced, with existing utilities and streets already in place, significantly reducing development costs and timelines. A build-to-suit option is available, offering flexibility to tailor the development to specific business needs. The property's versatility makes it ideal for a wide range of commercial uses, including but not limited to convenience stores, restaurants, bars, offices, retail spaces, medical or dental clinics, veterinary practices, and specialty businesses. Furthermore, the future construction of a SE Polk school directly adjacent to the property promises sustained growth and increased foot traffic, enhancing the long-term value of this investment. This is a rare opportunity to acquire a well-located, fully serviced commercial lot in a thriving community, poised for significant future appreciation. The asking price is $427,541.
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.
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.