1315 1st Avenue, Newton, IA 50208

$549,000

Excellent location for retail, commercial, housing, or a combination. +/- 487 feet of frontage. +/-5.44 acres (+/- 235,846 SF) total land. Near the center of Newton's population. Asking price is $2.33/SF ($549,000.00) for the whole property. Frontage is potentially available at $6.50/SF subject to approval by Seller Seller will consider subdivision within reason. NW corner of the property (20,870 SF) is subject to a deed restriction. Iowa DNR did an analysis of the flood plain and provided a base elevation of the flood area. The City of Newton will approve fill plans in coordination with the site plan. The whole site can be utilized for construction with the approved fill.

Legal: LOT 3, 4, 5, & 6 - less E 50' x 52' Lot 6, OF LOT G SW NW; + WINPOWER ADD LOT 4 & N 1/2 VAC ST AGJ ON S; SEE ABSTRACT FOR EXACT LEGAL DESC.