1450 Center Point RdHiawatha, IA 52233

Property Details for 1450 Center Point Rd

Year built

2011

Lot size

7.00 AC

Property size (Sq ft)

40,632 SF

Property type

Office properties

APN

11-29-3-51-006-0-0000

APU

112935100600000

Description

This exceptional 1.67-acre commercial land parcel is ideally situated at 1450 N Center Point Rd in Hiawatha, Iowa, zip code 52233, within Linn County. The property boasts a highly visible location on N Center Point Rd, benefiting from significant traffic flow. Its flat terrain is ready for immediate development, making it an attractive opportunity for various commercial ventures. The C-4 zoning allows for a wide range of uses, including multi-tenant services, retail establishments, and professional offices. Convenient access to major highways and the Cedar Rapids metropolitan area enhances its appeal. Essential utilities, including city water, sewer, and electricity, are readily available on-site. The area is thriving, with nearby businesses such as Stillwater Coffee Company, Ketelsen RV, Fisher Group, Culver's, Tomaso's Pizza, First Federal Credit Union, UnityPoint, and McGrath Auto. This property presents a unique chance to establish a successful commercial presence in a dynamic and accessible location. The asking price for this exceptional opportunity is $400,098.

• CAP approach

  CAP return

  Valuation

  6%

  $6,688,475

  6.5%

  $6,173,977

  7%

  $5,732,978

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,073,857

  Geo Method

  $2,073,857

• Alternative Use

  Use

  Valuation

  Residential

  $7,655,732

  Hospitality

  $7,012,609

  Educational

  $5,834,408

  Medical

  $6,035,062

  Retail

  $9,075,746

Location Insight

City

Hiawatha

County

Linn

State

Iowa

Latitude

42.0531

Longitude

-91.6925

CBSA code

16300

CBSA name

CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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