415 Center PlAltoona, IA 50009

Property Details for 415 Center Pl

Year built

2018

Construction

FRAME

Lot size

0.61 AC

Property size (Sq ft)

29,190 SF

Zone code

C-4

Property type

Investment properties

Property subtype

Live-work space

APN

171/00511-380-024

APU

17100511380024

Description

This exceptional mixed-use retail property, located at 415 Center Place in Altoona, Iowa, presents a unique sublease opportunity. The building, situated in Polk County, boasts a total of four stories and comprises 1,805 square feet of immediately available retail space. This versatile space is perfect for a variety of businesses seeking a high-visibility location within a thriving community. The property's multiple tenancy structure offers flexibility and potential for collaboration with existing tenants. The address, 415 Center Pl, Altoona, IA 50009, provides easy access and high visibility for your business. The building's single structure simplifies operations and management. This is an excellent opportunity for businesses looking to establish or expand their presence in the Altoona market. The property's location offers significant advantages, including convenient access to major transportation routes and a strong local customer base. With 1,805 square feet of vacant space ready for immediate occupancy, this property is an ideal solution for businesses seeking a move-in ready retail location. Don't miss this chance to secure a prime retail space in a rapidly growing area. Contact us today to schedule a viewing and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $5,089,903

  6.5%

  $4,698,372

  7%

  $4,362,774

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,489,858

  Geo Method

  $1,489,858

• Alternative Use

  Use

  Valuation

  Residential

  $5,825,982

  Hospitality

  $5,336,568

  Educational

  $4,439,962

  Medical

  $4,592,659

  Retail

  $6,906,607

Location Insight

City

Altoona

County

Polk

State

Iowa

Latitude

41.643

Longitude

-93.4682

CBSA code

19780

CBSA name

DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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