0 Commercial Dr Riverside, IA 52327
This exceptional 3.32-acre commercial lot presents a remarkable investment opportunity in Riverside, Iowa. Located at the strategic intersection of Highway 218 and Highway 22, this property boasts unparalleled visibility and accessibility. The lot is zoned C-2, allowing for a wide range of commercial development possibilities. All necessary streets and utilities are already in place, significantly reducing development time and costs. The high traffic counts make this an ideal location for businesses seeking maximum exposure. Specifically, Highway 218 sees 13,200 vehicles daily south of Riverside and 18,000 vehicles daily north of Riverside. Highway 22 experiences 3,280 vehicles daily west of Highway 218 and 4,030 vehicles daily east of Highway 218. This translates to significant potential for attracting customers and maximizing return on investment. The property is owned by the City of Riverside and is offered at an asking price of $289,000. Don't miss this chance to secure a prime commercial location in a thriving area. This property is ready for immediate development and offers exceptional potential for growth. Contact us today to learn more about this exciting opportunity.
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.