2003 1St Ave E Newton, IA 50208
For Sale
This exceptional 1.59-acre commercial lot, located at 2003 1st Avenue E in Newton, Iowa, presents a unique investment opportunity. The property, identified by APN 0835251028, is zoned C-A, offering considerable flexibility for various commercial ventures. The lot boasts a substantial size of 68,563 square feet and features city water and sewer connections, along with concrete streets and readily available electricity. Situated in Jasper County, this property benefits from convenient access to essential infrastructure and services. The asking price is $206,900. This is an active listing, and the property is not a Real Estate Owned (REO) asset. The property is located within the Newton MLS area and offers significant potential for development given its size and zoning. Serious inquiries are encouraged. This is a rare opportunity to acquire a sizable commercial lot in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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.