711 8Th St Altoona, IA 50009
This exceptional 1.39-acre commercial land parcel, located at 711 & 715 8th Street SE in Altoona, Iowa, presents a unique investment opportunity. Zoned C-2 General Commercial, this property offers 12,250 square feet of potential development space and boasts a highly desirable location. Situated at the intersection of 8th Street SE and 8th Avenue SE, it benefits from exceptional visibility and convenient access. The property is directly west of the Sam Wise Sports Complex, positioning it as a key entry point to Altoona's rapidly expanding commercial area along 8th Street. A significant advantage is the upcoming completion of a fully signalized 4-lane intersection in Spring 2024, promising increased traffic flow and enhanced visibility for future businesses. This single-tenant property is ideal for ground lease or build-to-suit development, catering to a wide range of commercial ventures. The property's location in Polk County, Iowa, with a zip code of 50009, ensures easy access to major transportation routes and a thriving local community. This is a rare chance to acquire a strategically located commercial land parcel in a high-growth area. The property's size and zoning provide ample flexibility for various development plans, making it an attractive proposition for both investors and developers seeking a prime location in Altoona.
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
Similar Nearby for Lease
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.