4400 46Th St Des Moines, IA 50317

Property Details for 4400 46Th St

Lot size

4.48 lot acres

Property type

Commercial real estate

Description

This exceptional 4.479-acre commercial land parcel in Des Moines, Iowa, presents a remarkable investment opportunity. Located at 4400 E 46th St, in Polk County, zip code 50317, this property boasts a highly desirable MX3 Mixed Use zoning, allowing for a variety of development options. The site features approximately 460 feet of frontage on Hubbell Avenue, a major thoroughfare with a traffic count exceeding 14,000 vehicles per day. Its strategic location at a lighted intersection on the southwest corner of E Hubbell and E 46th Street ensures high visibility and accessibility. The property is situated within a rapidly expanding redevelopment corridor, benefiting from a substantial population base: 38,000 within a 3-mile radius and 94,000 within a 5-mile radius. The asking price is $1,268,000, translating to $7.50 per square foot. Highest and best uses include retail, office, and owner-user developments, such as banking or medical facilities. Tax Increment Financing (TIF) may be available for approved projects. Note that a house is included on the property. An adjacent 2.69-acre parcel is also available for purchase, offering a combined total of 7.169 acres and over 1,100 feet of Hubbell Avenue frontage.