405 NW 2nd Avenue

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405 NW 2nd Avenue

Farley, IA 52046
Asking Price
$250K
Asset Type
Land
Class
Class B

What's Special

Located at 405 NW 2nd Avenue in Farley, Iowa, this commercial land parcel sits within a developed industrial and business corridor. The property offers direct access to Highway 20, a primary regional transportation artery connecting Dubuque to Waterloo. The surrounding neighborhood is characterized by a mix of light industrial facilities, agricultural service centers, and local commercial businesses. Essential municipal amenities and utility connections serve the immediate area, providing necessary infrastructure for site development. The site is suited for industrial flex space, large-scale equipment storage, or a distribution hub due to its proximity to the highway. The flat topography and strategic positioning cater to tenants in the logistics, construction, or manufacturing sectors seeking regional accessibility. Professional developers or owner-occupiers looking for highway visibility and ease of freight movement represent the typical user profile for this location.

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NOI
$80,000
Cap Rate
32.01%
DSCR
5.39
Strong
Cash-on-Cash
86.92%
Monthly Payment
$1,236.369
Annual Cash Flow
$65,163.574

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