1315 1st Ave E, Newton, IA 50208

Excellent location for retail, commercial, housing, or a combination. +/- 425 feet of frontage. +/-5.35 acres (+/- 233,000 SF) total land. Near the center of Newton's population. Asking price is $3.20/SF ($750,000.00) 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. A portion is in flood plain with fill plans being developed at this time. Iowa DNR will be providing an analysis of the flood plain and to will provide an a outline of the flood area. Iowa DNR will review general development plans and provide direction on fill program. A small lot (2,600 SF) is yet to be acquired - and is not included in the acres or SF listed.