5955 NE 12Th Ave Pleasant Hill, IA 50327
For Sale
This exceptional 7.09-acre commercial land parcel presents a remarkable investment opportunity in Pleasant Hill, Iowa. Ideally situated at 5955 NE 12th Ave, this property boasts a highly desirable C-2 General Commercial and Highway Service District zoning, opening doors to a wide array of commercial development possibilities. The expansive lot size offers ample space for a variety of projects, from office buildings to retail spaces, and more. Its strategic location provides easy access to major transportation arteries, including Highway 163 and Highway 65, ensuring excellent visibility and convenient access for customers and employees. Furthermore, the property benefits from the availability of all essential utilities, simplifying the development process. A significant advantage is the availability of tax abatement, potentially reducing development costs and enhancing the overall return on investment. This property is perfectly positioned to capitalize on the thriving commercial landscape of Pleasant Hill, offering a unique chance to build a successful and profitable venture. The site's proximity to major amenities adds further appeal, making it an attractive location for businesses and their employees. This is a rare opportunity to acquire a large, well-located commercial parcel in a growing Iowa community. The asking price is $1,700,000.
The R-4 zoning district is intended to provide for certain high density residential areas of the City for the development of manufactured and mobile home parks (herein after referred to as manufactured home parks), which by reason of their design and location will be compatible with nearby residential and nonresidential areas. For the purposes of this sectio…
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
R-4 · Pleasant Hill, IAThe R-4 zoning district is intended to provide for certain high density residential areas of the City for the development of manufactured and mobile home parks (herein after referred to as manufactured home parks), which by reason of their design and location will be compatible with nearby residential and nonresidential areas. For the purposes of this section, the term manufactured home shall also refer to mobile home.
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.