520 SW 5th Street

Located in the Riverpoint Business District, just south of Downtown Des Moines' Central Business District and situated along the Racoon River between Principal Park and the future downtown pro soccer stadium. Not only is the site walkable to Court Avenue, but it offers direct access to the Jackson Street Bridge and the Central Iowa Trails System via the Meredith Trail. The surrounding area, known as the Gray's Landing development acts an extension of downtown and the neighborhood delivers 35 acres of retail, hotel, office and apartment homes balanced between city and the river.This 1.31 acre future development site is situated along the Raccoon River with direct access to the Jackson Street Bridge and the Raccoon River Valley Trail, which covers 120 miles in Central Iowa. The parcel is the zoned DX2 meaning it is designed for areas within the downtown core that feature a mix of storefronts, offices, and residences, representing a mid-level intensity of activity. With proximity to Principal Park and the future Global Plaza and professional soccer stadium, the site is just blocks away from the Downtown Des Moines Farmer's Market, making it a prime location for mixed-use or multifamily development.Currently a vacant industrial/flex property, the site offers an excellent opportunity for a Restaurant/Bar/Entertainment/Multi-Tenant Retail redevelopment. Ownership has experience with similar projects, having developed the the property that is home to the popular Lua Brewing in the historic Sherman Hill neighborhood.