1315 Dayton AveAmes, IA 50010

Property Details for 1315 Dayton Ave

Year built

2006

Construction

CONCRETE

Lot size

10.01 AC

Property size (Sq ft)

88,628 SF

Zone code

HOC

Property type

Retail space

APN

09-12-451-010

APU

912451010

Description

This exceptional 2.02-acre commercial land parcel is ideally situated at 1315 S Dayton Ave in Ames, Iowa, zip code 50010. The property boasts a highly desirable location, surrounded by a thriving mix of residential and commercial establishments. Densely populated neighborhoods, numerous apartment complexes, and a variety of businesses create a high-traffic environment, ensuring excellent visibility and accessibility for any future development. The strategic location offers convenient access to State Highway 30, within a 5-minute radius, providing seamless connectivity to major transportation routes. Nearby businesses include a diverse range of amenities, such as Theisen's Home Farm & Auto, Staybridge Suites, Kum & Go, Subway, El Azteca, Kwik Star, Fairfield Inn & Suites, SpringHill Suites, Hampton Inn & Suites, and TownePlace Suites by Marriott, further enhancing the property's appeal and potential. This prime commercial land presents a unique opportunity for investors and developers seeking a high-growth area with significant development potential. The asking price for this exceptional property is $283,140. The property is located in Story County.

• CAP approach

  CAP return

  Valuation

  6%

  $18,820,632

  6.5%

  $17,372,890

  7%

  $16,131,969

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,399,404

  Geo Method

  $11,399,404

• Alternative Use

  Use

  Valuation

  Residential

  $14,654,683

  Hospitality

  $13,423,611

  Educational

  $11,168,287

  Medical

  $11,552,381

  Retail

  $17,372,890

Location Insight

City

Ames

County

Story

State

Iowa

Latitude

42.0112

Longitude

-93.588

CBSA code

11180

CBSA name

AMES, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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