1264 T Ave, Iowa

Description

HIGH TRAFFIC LOCATION (OVER 16,000 DAILY IN 2024) WITH GREAT VISIBILITY! 4 INDIVIDUAL TRACTS This Heavily Industrial zoned property has the future land use capability of being rezoned commercial. The property is located on the south side of Highway 30 between Ames and Boone. It is one mile SE of the bi-annual Farm Progress Show site that will return to central Iowa in 2026. The land was the previous site of a grain elevator and a cement plant over 20 years ago. There is 9.46 acres of open, excellent quality cropland on the southern portion of the 25.45 acres. The land now has many semi-trailers that the owner is planning to remove in the near future. There was a Phase 1 environmental assessment done on part of the property several years ago that can be shared with a potential buyer. The property is being offered in 4 tracts. Rural water is in the area and Three Phase power is available – however, there are no public sewer lines nearby. The owners of this property receive a lease payment for the double sided lighted billboard with two billboards on each side and they plan to retain the easement lease. One or all these panels could be leased from Lamar Advertising and could add a great deal to the value of a business located on this site. TRACT 1 – 2.5 ACRES Price: $300,000 Gross: 2.5 Acres m/l TRACT 2 – 2.5 ACRES Price: $300,000 Gross: 2.5 Acres m/l TRACT 3 – 8 ACRES Price: $958,000 Gross: 8 Acres m/l TRACT 4 – 12.45 ACRES Price: $778,000 Gross: 12.45 Acres m/l

Directions: From Ames take US 30 west 5 miles and turn S onto S Ave. at Exit 137, then E on 230th to T Ave. Turn N on T Ave. Property will be on E side.