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1175 Tower Terrace 2.22 - 3.15 Acre Commercial Land Lots Offered at $676,269 - $1,486,845 Per Lot in Hiawatha, IA 52233
Investment Highlights
- High Traffic Corner
Executive Summary
South East corner of N Center Point & Tower Terrace Roads – 2 parcels = 5.46 acres with utilities at the site. Currently zoned AG, future use is C4. Just a block from the new I380 and Tower Terrace interchange that will be completed in the spring of 2023 with the diverging diamond interchange. Hiawatha first Round About at the intersection of N Center Point & Tower Terrace Roads. Entrance/exit off Anchor Rd. Potential for right in/right out off of Tower Terrace with approval from the City of Hiawatha and left in/left out off of N Center Point Rd. On bus route (Route 30), current zoned AG, but is zoned for C4. West side of I380 off Edgewood Rd, massive development of 165 single family homes along with 22 fourplex (140 homes). Robins Landing just east on Tower Terrace & Robins Roads with 400 acre development of single family homes, commercial and recreational components.
Property Facts
| Price | $676,269 - $3,089,309 | Property Type | Land |
| Sale Type | Investment or Owner User | Property Subtype | Commercial |
| No. Lots | 3 | Total Lot Size | 5.00 AC |
| Zoning | Ag, C-4 | ||
| Price | $676,269 - $3,089,309 |
| Sale Type | Investment or Owner User |
| No. Lots | 3 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 5.00 AC |
| Zoning | Ag, C-4 |
3 Lots Available
Lot 1 & 2
| Price | $1,486,845 | Lot Size | 2.22 AC |
| Price Per AC | $669,750.00 |
| Price | $1,486,845 |
| Price Per AC | $669,750.00 |
| Lot Size | 2.22 AC |
South East corner of N Center Point & Tower Terrace Roads - 2 parcels = 5.46 acres with utilities at the site. Just a block from the new I380 and Tower Terrace interchange that is now open.
Lot 1
| Price | $926,195 | Lot Size | 3.15 AC |
| Price Per AC | $294,030.16 |
| Price | $926,195 |
| Price Per AC | $294,030.16 |
| Lot Size | 3.15 AC |
Newly reconfigured preliminary plat at the SE corner of N Center Point and Tower Terrace Rds: 3.15 acres, right in/right out access to Tower Terrace Rd approved by Hiawatha City, preliminary plat. Please see attached or refer to images.
Lot 2
| Price | $676,269 | Lot Size | 2.30 AC |
| Price Per AC | $294,030.00 |
| Price | $676,269 |
| Price Per AC | $294,030.00 |
| Lot Size | 2.30 AC |
Newly reconfigured preliminary plat at the SW corner of Anchor and Tower Terrace Rds: 2.3 acres, right in/right out access to Tower Terrace Rd approved by Hiawatha City, preliminary plat. Please see attached or refer to images for right in/out access
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 11293-01002-00000 | Improvements Assessment | $0 |
| Land Assessment | $6,100 | Total Assessment | $6,100 |
Property Taxes
Parcel Number
11293-01002-00000
Land Assessment
$6,100
Improvements Assessment
$0
Total Assessment
$6,100
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