1514 Washington StPella, IA 50219

Property Details for 1514 Washington St

Year built

2007

Lot size

6.25 AC

Property size (Sq ft)

34,728 SF

Property type

Retail properties

Property subtype

Strip malls

APN

1739800505

APU

1739800505

Description

This exceptional single-story retail center, built in 2007, offers 4,700 square feet of available space within a larger 34,728-square-foot complex situated on a 6.25-acre lot in Marion County, Iowa. The property boasts a highly desirable location at 1514-1598 Washington St, Pella, IA 50219, enjoying high visibility and excellent access. Its strategic placement next to a Walmart Supercenter, Applebee's, Culver's, and Taco Bell ensures significant foot traffic and brand recognition. The center also benefits from its proximity to Central College. Current tenants include a diverse mix of businesses, showcasing the property's appeal to a variety of retail sectors. Ample parking is available, with a ratio of 4.98 spaces per 1,000 square feet. Monument signage opportunities are also available. Water and trash services are included in the lease

• CAP approach

  CAP return

  Valuation

  6%

  $9,569,248

  6.5%

  $8,833,152

  7%

  $8,202,213

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,466,743

  Geo Method

  $4,466,743

• Alternative Use

  Use

  Valuation

  Residential

  $7,451,094

  Hospitality

  $6,825,162

  Educational

  $5,678,455

  Medical

  $5,873,746

  Retail

  $8,833,152

Location Insight

City

Pella

County

Marion

State

Iowa

Latitude

41.4114

Longitude

-92.9313

CBSA code

37800

CBSA name

PELLA, IA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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