Listed by CBRE - Des Moines
$200,000
Land Parcel with Billboard Income
Details
Property Type Land
Sub Type Commercial
NOI $10,648
Tenancy Single
Acreage 0.714
Zoning MX3 - Mixed Use District
Land | 0.714 acres
Marketing description
Located just west of the major intersection of ML King Parkway and Douglas Avenue (Highway 6), this parcel of land is available for sale on Douglas Avenue and includes billboard income in place. The site benefits from steady traffic counts and strong visibility.
Investment highlights
- Billboard Income: $10,648/yr
- Zoning: MX3 - Mixed Use District
- Traffic Counts - Douglas Avenue: 21,490 vpd
- Annual Property Taxes: $2,068
Listing Contacts
Listed by CBRE - Des Moines
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$10,648.00
$887.33/mo
Valuation Metrics
0
DSCR
5.32%
Cap Rate
5.32%
ROI
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Property History
Tax History
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