Property summary
This exceptional commercial development opportunity encompasses approximately 1.22 to 1.44 acres of land strategically located in Newton, Iowa, at 1501 1st Avenue E, zip code 50208. The property is situated in Jasper County and offers excellent visibility and accessibility. The land is divided into two parcels. Parcel A boasts frontage on Highway 6 and is directly adjacent to the Hy-Vee Fast N Fresh store. Parcel B is located immediately behind the Hy-Vee Fast N Fresh, sharing a border with the store's parking lot. This prime location benefits from its proximity to a major grocery retailer, ensuring high traffic volume and excellent exposure for any commercial venture. The site is part of a thriving retail corridor, characterized by good visibility and a signalized intersection, further enhancing its appeal to potential developers. The asking price for this exceptional property is $399,900. This presents a unique chance to establish a business in a high-traffic area with strong existing infrastructure. The property's location adjacent to a well-established Hy-Vee store makes it an ideal site for complementary businesses or retail development.
Property profile
VerifiedCap rate & NOI
Current use
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Cafe & Coffee Shop
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Post Office
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Restaurant
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Bank Credit Union
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Pharmacy
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning