819 Albia RdOttumwa, IA 52501

Property Details for 819 Albia Rd

Year built

2002

Construction

LOG

Lot size

1.77 AC

Property size (Sq ft)

7,094 SF

Property type

Retail properties

Property subtype

Retail space

APN

7417790001000

APU

7417790001000

Description

This exceptional retail property at 819 Albia Rd, Ottumwa, IA, offers a prime leasing opportunity. The 6,943 square foot strip center sits on a 1.78-acre lot (77,456 sq ft) and boasts a modern design with an expansive storefront ensuring high visibility and ample parking (42 spaces) for customer convenience. Currently, 7,000 square feet is available, divisible into spaces ranging from 1,450 to a maximum contiguous 5,550 square feet, making it ideal for a variety of retail or commercial uses. The adaptable layout allows for efficient floor planning and product displays, catering to businesses seeking a prominent and flexible space to engage their target audience. Its strategic location in Wapello County promises high foot traffic and enhanced brand exposure. The property's modern amenities and professional exterior create a dynamic and inviting environment for customers. This is a rare opportunity to secure a well-located, versatile retail space in a thriving market. The property's size and layout offer significant potential for growth and success. Don't miss this chance to establish your business in a highly visible and convenient location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,133,139

  6.5%

  $1,969,051

  7%

  $1,828,405

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,393,682

  Geo Method

  $1,393,682

• Alternative Use

  Use

  Valuation

  Residential

  $1,660,968

  Hospitality

  $1,521,438

  Educational

  $1,265,819

  Medical

  $1,309,352

  Retail

  $1,969,051

Location Insight

City

Ottumwa

County

Wapello

State

Iowa

Latitude

41.0089

Longitude

-92.4329

CBSA code

36900

CBSA name

OTTUMWA, IA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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