Multifamily Land Altoona, IA 50009

This exceptional 8.97-acre commercial land parcel presents a unique investment opportunity in the thriving Altoona, Iowa market. Located in Polk County, zip code 50009, this property is strategically positioned just 14 miles from the heart of Des Moines, offering convenient access to the city's amenities while benefiting from Altoona's strong community atmosphere. Altoona boasts a highly-rated school system and a wide array of recreational activities, making it an attractive location for residents. The land is priced at $1,500,000, translating to a land value of $3.84 per square foot. A significant advantage is the pre-approved 180-unit multifamily development plan already in place with the city, significantly streamlining the development process and reducing potential delays. This pre-approval minimizes risk and accelerates the path to profitability for a developer. The site's size and location make it ideal for a substantial multifamily project, catering to the growing demand for housing in the Des Moines metro area. This is a rare opportunity to acquire a fully-permitted, ready-to-develop site in a desirable and rapidly expanding community. Don't miss this chance to capitalize on the potential of this exceptional property.