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Property profile & analytics
OFF-MARKET
Land

1st Ave & 24 St Altoona, IA 50009

7.77 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 7.77-acre commercial land parcel presents a unique investment opportunity in the thriving city of Altoona, Iowa. Located at the highly visible intersection of 1st Ave & 24th St SW, this property boasts a C-2 zoning designation, opening doors to a wide range of commercial development possibilities. The land is priced at $9 per square foot, representing a compelling value in this rapidly growing area. All utilities are either readily available to the site or the owner will divide them. The site benefits from a lighted intersection, ensuring high visibility and accessibility for potential businesses. Altoona's burgeoning residential population creates a strong demand for additional restaurants and services, making this location ideally suited to meet this growing need. Situated in the heart of Altoona, this property offers unparalleled access to a robust consumer base and excellent infrastructure. The property's size and zoning provide ample flexibility for developers seeking to create a variety of commercial projects. This is a rare opportunity to acquire a strategically located parcel in a dynamic market. The address is 1st Ave & 24th St SW, Altoona, IA 50009, within Polk County.

Property profile
Verified
Property type Land
Lot 7.77 ac (338,461 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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