1903 Park AveMuscatine, IA 52761

Property Details for 1903 Park Ave

Year built

1971

Lot size

28.20 AC

Property size (Sq ft)

361,037 SF

Zone code

C1-NEIGHBORHOOD-GENERAL

Property type

Retail properties

Property subtype

Super regional malls

APN

825251026

APU

825251026

Description

This exceptional 0.45-acre commercial lot, located at 1903 Park Avenue in Muscatine, Iowa (APN 0825251021), presents a unique investment opportunity. Situated in a high-traffic area between a family restaurant and a Walgreens, this property offers unparalleled visibility and accessibility. The lot is zoned for commercial use, specifically permitting restaurant establishments. The asking price of $360,000 is for a minimum purchase of 20,000 square feet, with the possibility of purchasing up to 30,000 square feet of the parcel. This translates to a price of $18.00 per square foot, representing a compelling value in this desirable location. The property's prime position ensures significant exposure to a substantial customer base, making it ideal for a variety of restaurant concepts. With its convenient location and attractive pricing, this outlot presents a rare chance to establish a thriving business in a vibrant community. The property's size and zoning provide flexibility for development, catering to various restaurant sizes and operational needs. Don't miss this opportunity to secure a prime commercial location in Muscatine, Iowa. Contact us today to learn more and schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $141,990,784

  6.5%

  $131,068,416

  7%

  $121,706,384

• Comparable approach

  Method

  Valuation

  Relative Method

  $70,929,040

  Geo Method

  $70,929,040

• Alternative Use

  Use

  Valuation

  Residential

  $110,561,112

  Hospitality

  $101,273,384

  Educational

  $84,258,264

  Medical

  $87,156,040

  Retail

  $131,068,416

Location Insight

City

Muscatine

County

Muscatine

State

Iowa

Latitude

41.4464

Longitude

-91.028

CBSA code

34700

CBSA name

MUSCATINE, IA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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