For Sale
$499,000

509 8Th Street Pl Altoona, IA 50009

Prime retail pad, 7,500 SF, 200+ units nearby

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional commercial property in Altoona, Iowa, presents a unique investment opportunity. Located at 509 8th Street Southwest, this 7,500 square foot retail pad site is situated adjacent to a new, Class A mixed-use multifamily development boasting over 200 units. The property offers excellent visibility and accessibility with frontage on 8th Street Southwest, a road with over 16,300 average annual daily traffic, according to the Iowa Department of Transportation. The site is ideal for build-to-suit (BTS) or ground lease (GL) development. Altoona's thriving economy is underscored by significant recent growth, including a 9.8% population increase from 2020 to 2022, reaching 21,503 residents. Furthermore, the city issued over $700 million in commercial construction permits in 2021 and 2022. Altoona's strong tourism sector, driven by attractions such as Adventureland Resort, Prairie Meadows Racetrack and Casino, and The Outlets of Des Moines, draws over 1.5 million visitors annually. This 0.7-acre lot offers a compelling investment prospect in a rapidly expanding market. The asking price for this prime retail pad is $499,000.

Highlights

  • $499,000 asking price.
  • 7,500 square foot retail space in a Class A mixed-use development.
  • 200-unit multifamily component in the development.
  • 0.7-acre lot size.
  • Located at 509 8th Street Southwest, Altoona, IA 50009.

Property Details for 509 8Th Street Pl

Property type
Retail properties, Mixed-use properties
Square Feet
7,500 SF
Class
A
Lot Size (sq. ft)
30,492 SF
Units
200

Location Insight

City
Altoona
County
Polk
State
Iowa
Latitude
41.6445108
Longitude
-93.470476
509 8Th Street Pl, Altoona, Iowa

FAQs

What type of property is this?
Retail property - Prime retail pad, 7,500 SF, 200+ units nearby
Where is the retail property located?
The property is located at 509 8Th Street Pl Altoona, IA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: $499,000 asking price.; 7,500 square foot retail space in a Class A mixed-use development.; 200-unit multifamily component in the development.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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509 8Th Street Pl
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