Property summary
This exceptional 5,168 square foot office building presents a remarkable investment opportunity in Waverly, Iowa. Located at 2700 NW 5th Ave, this single-story, 1975-built property sits on a generous 27,500 square foot lot and is zoned C. The building offers a versatile layout ideal for a variety of businesses, featuring several sizable offices, a dedicated conference room, and a convenient breakroom complete with a kitchenette. The inviting entrance area creates a positive first impression for clients and employees alike. Beyond the main office space, the property includes valuable garage/warehouse space, perfect for storage or additional workspace needs. Priced at $299,900, this translates to $58.03 per square foot, representing strong value in the current market. The property is currently vacant, providing immediate occupancy for the new owner. This is a rare chance to acquire a substantial, well-maintained office building with significant potential in a desirable location. The ample lot size offers room for expansion or future development, further enhancing its long-term value. Don't miss this opportunity to establish your business in a prime Waverly location.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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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
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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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