154 34Th Ave Altoona, IA 50009
This exceptional 23.5-acre commercial land parcel presents a unique investment opportunity in Altoona, Iowa. Located within a thriving retail corridor, this property boasts an A-1 zoning designation, opening doors to a wide range of commercial development possibilities. The site is strategically positioned to capitalize on Altoona's robust economy, attracting over 4 million visitors annually and boasting the second-highest retail sales per capita in the state, with a yearly trade surplus exceeding $301 million. All utilities are readily available, simplifying the development process. The property's substantial size and prime location make it ideal for a variety of commercial ventures. Furthermore, the potential for city incentives could significantly enhance the return on investment. This is a rare chance to acquire a significant land holding in a high-growth area with exceptional potential for future development and substantial financial returns. The asking price for this exceptional property is $4,200,000. Serious inquiries are encouraged.
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.