5495 Merle Hay Rd Johnston, IA 50131
- Commercial real estate
- 1.28 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 5495 Merle Hay Rd
- Lot size
- 1.28 lot acres
- Property type
- Commercial real estate
Description
Exceptional 1.28-acre commercial development opportunity in Johnston, Iowa, located at 5495 Merle Hay Road. This property is zoned PUD - Retail/Office/Mixed-Use, offering a wide range of development possibilities. The site boasts excellent visibility and accessibility, situated near the intersection of NW 55th Avenue and Merle Hay Road, with high traffic counts of 20,200 vehicles per day on Merle Hay Road (Iowa DOT 2016 data). Its strategic location benefits from proximity to significant ongoing development projects, including the 35-acre Bombers family entertainment complex (featuring an indoor golf driving range, arcade, bowling alley, 96-room hotel, and numerous bars and restaurants) located to the south, and the 200,000 square foot Ignit Sports Complex to the south and west. This vibrant and growing area makes this 55,840 square foot lot an ideal location for a variety of commercial ventures. The property is approximately half a mile north of Interstate 35/80, providing convenient access to major transportation routes. This is a rare opportunity to acquire a prime commercial parcel in a thriving and dynamic location. The asking price is $1,088,880. Broker co-op is available.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Johnston
- County
- Polk
- State
- Iowa
- Longitude
- -93.697752773554
- Latitude
- 41.660094151166
