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305 Prentiss st - 305 E Prentiss, 315 E Prentiss, 625 S Gilbert 1.59 Acres of Commercial Land Offered at $4,750,000 in Iowa City, IA 52240
EXECUTIVE SUMMARY
This 1.59 acres of land for redevelopment offering is within the Riverfront Crossing District & near city center at 305 & 315 E Prentiss St & 625 S Gilbert St, Iowa City. The site has been approved by the City of Iowa City for 382 beds in 192 units (50 one-bed, 94 two-bed and 48 three-bed). This requires 298 parking spaces and 150 of those were proposed to be built on-site with 148 using fee-in-lieu so construction is not required for those. Additionally, 121 bike parking spaces are required. All parties are encouraged to confirm City approvals with the City of Iowa City. The current owner is going to raze all buildings on site before closing at current owner's cost.
PROPERTY FACTS
| Price | $4,750,000 | Property Type | Land |
| Sale Type | Investment or Owner User | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 1.59 AC |
| Zoning | CI1, CC2, RFC | ||
| Price | $4,750,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 1.59 AC |
| Zoning | CI1, CC2, RFC |
1 LOT AVAILABLE
Lot
| Price | $4,750,000 | Lot Size | 1.59 AC |
| Price Per AC | $2,987,421.38 |
| Price | $4,750,000 |
| Price Per AC | $2,987,421.38 |
| Lot Size | 1.59 AC |
1 1
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (86)
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305 Prentiss st - 305 E Prentiss, 315 E Prentiss, 625 S Gilbert
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