2421 Adventureland Dr Altoona, IA 50009-9408
This exceptional 1.47-acre commercial land parcel presents a unique investment opportunity in Altoona, Iowa. Located at 2421 Adventureland Drive, this C-3 zoned property boasts unparalleled visibility from Interstate 80, directly adjacent to the new Cinemark Theatre. All rough grading is complete, and infrastructure is fully installed, making this site ready for immediate construction. A shared water detention system allows for efficient development of the entire lot. The property benefits from shared signage opportunities, maximizing exposure to the high volume of I-80 traffic. Its strategic location offers exceptional proximity to major regional attractions, including Prairie Meadows Racetrack & Casino and Adventureland Park, ensuring high foot traffic and visibility. This site is ideally suited for a variety of commercial uses, including hotels, restaurants, or retail establishments. The asking price is $1,152,597.60. This is a rare chance to acquire a fully prepared site in a thriving commercial corridor with significant growth potential. The property's location ensures easy access for customers and employees alike. The combination of prime location, infrastructure readiness, and high visibility makes this an exceptional investment opportunity. Don't miss this chance to secure a piece of Altoona's burgeoning commercial landscape. The property is situated in Polk County, Iowa, with a zip code of 50009.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
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.