555 Southview RdFairfax, IA 52228

Property Details for 555 Southview Rd

Year built

1985

Lot size

6.99 AC

Property size (Sq ft)

19,920 SF

Property type

Retail properties

APN

20163-26003-00000

APU

201632600300000

Description

This exceptional commercial property, located at 555 W Southview Road in Fairfax, Iowa, presents a unique investment opportunity. Situated on 6.99 acres along US 151/Amana Road, this high-visibility site boasts over 33,000 square feet of building space, ideally suited for a variety of commercial ventures. The property's strategic location is adjacent to Fairfax's planned development, promising increased foot traffic and visibility as the area expands to include park space, city offices, a library, recreational facilities, and additional commercial opportunities. The existing structures include two substantial greenhouses (14,400 sq ft and 8,410 sq ft), a 4,830 sq ft retail storefront with two private offices, and a 5,520 sq ft storage building equipped with two 9' x 10' overhead doors. Ample parking and outdoor storage are also available. The property further benefits from a pond, energy-efficient LED lighting, gas heat, window/wall air conditioning, a 200-amp electrical service, two wells, and two septic systems. This versatile property offers significant potential for an event venue, retail business, greenhouse operation, landscaping business, or a combination thereof. The asking price is $750,000.

• CAP approach

  CAP return

  Valuation

  6%

  $4,820,206

  6.5%

  $4,449,420

  7%

  $4,131,605

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,562,126

  Geo Method

  $2,562,126

• Alternative Use

  Use

  Valuation

  Residential

  $3,753,253

  Hospitality

  $3,437,960

  Educational

  $2,860,342

  Medical

  $2,958,714

  Retail

  $4,449,420

Location Insight

City

Fairfax

County

Linn

State

Iowa

Latitude

41.9121

Longitude

-91.791

CBSA code

16300

CBSA name

CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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