1st Ave & 24 St Altoona, IA 50009
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.
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.