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704 1st Ave - Prime 0.5 acre to 3.6 acres @ Xtream Arena 1.77 Acres of Commercial Land Offered at $3,250,000 in Coralville, IA 52241
Investment Highlights
- Approx 2 acres of Prime Land,across from XTREAM Arena and Iowa River Landing project
- In Univ of Iowa/#Hawkeyes market, off the I-80
- Additional 1.64 acres adjacent to this is also available
Executive Summary
Mixed Use MultiFamily, QSR with Drive thro, Car Wash...or Fine Dining,Sports Facility,MANY TOP HOTEL BRANDS ARE NTERESTED , a Mixed use retail/condo/apartments,Medical Offices, Senior/Affordable Housing, Grocery/Retail Shopping Center,Car Wash, Have 3 or more tenants and develop...List is long, as this falls in a C-PUD Zone,call and discuss with the City and this is Across from the newly opened XTREAM Arena and Iowa River Landing project off the I-180,just 225 miles West of Chicago and minutes from the Cedar Rapids Airport. .
* All utilities etc are on site.*The University of Iowa # Hawkeyes are part of the BTN, https://btn.com/school/iowa-hawkeyes/
Location!, Location! Location ! Select the right location, your business will benefit in the long term. THE University of IOWA ( BTN , Go # Hawkeyes) is only 3 miles away, they play at Xtream Arena, Coralville Iowa is only 225 miles west of Chicago on the I-80 and some 115 miles East of Des Moines. This is off the main exit in Coralville . Verify with City for Zoning. We believe its zoned C-PUD-2 Commercial Planned Unit Development Two District. These properties are designated as “Corridor Commercial” on the Coralville Land Use Map. The land use designation and zoning would support retail, restaurant, grocery/food store, hotel/lodging, personal service, general office, and mixed-uses. A mixed-use project would be commercial on the 1st floor of a building and residential above. We also have a approx 1.6 acres land available adjacent to this at 708 1st Ave, has a Tenant Casa Azul Cantina.
Once again, Location,Location,Location, Its may help to generate additional revenues, offers better exit strategy, valuations, be a smart investor. Buyers to verify plat map, zoning, size of lot and all details directly ,do their due diligence about uses, financials at their end.Information is provided just for information purpose and without any liability to the sellers/agent
Contact us now.
This is a FOR SALE BY OWNER Listing, Mehul B Raja is L/c in CA, BRE 01845816.
Data Room Click Here to Access
Property Facts Under Contract
1 Lot Available
Lot
| Price | $3,250,000 | Lot Size | 1.77 AC |
| Price Per AC | $1,836,158.19 |
| Price | $3,250,000 |
| Price Per AC | $1,836,158.19 |
| Lot Size | 1.77 AC |
We are offering 708 1st Ave, featuring full depth and approximately 1.95 acres of land. A new plat map is attached for your reference.
Description
Former Location for a Hotel,which was demolished, all utilities were terminated as per local rules, near the site.This is PRIME Opportunity Land in IOWA CITY/Coralville Iowa metro area. Across from XTREAM ARENA & The Iowa River Landing project. Think of Opportunity zzzz, City has invested Tens of Millions in last few years to develop this area, wider streets with more lanes, New Curbs/Lights/Landscaping, Even the Freeway Ramps are getting additional lanes to ease the flow of traffic due to the Arena and the developments in the area. We can offer additional 1.5 acres approx. adjacent to this approx 2acres( Buyer to verify with city/county as to exact size, boundary, usages...). Build you dream project here. Whether its a Mixed Use Residential, Student Housing, Luxury Hotel/s, Big Box Retailer, Self Storage, Entertainment complex. Iowa City has a University as well as a VA Hospital. Think of a Medical Facility/Doctors office...If you have a dream, we have the land for you. A plat map is furnished, however, Buyers to do their own Due Diligence, should be experienced, Contact City/Govt dept. for zoning, permits, be financially qualified for such a developmental project, discuss with lenders/partners before investing time and finances. We will consider financing & Lease also. Bring all your offers on the table. THIS IS A FOR SALE BY OWNER, Mehul B Raja is L/c in CA ,BRE 01845816. Click here for details of the Freeway Ramp/Interchange work info to understand the Exit/location of the RE asset : https://www.coralville.org/936/1st-Avenue-I-80-Interchange. Buyers to do their Due Diligence and verify all info
Property Taxes
| Parcel Number | 1005154009 | Improvements Assessment | $0 |
| Land Assessment | $1,456,600 | Total Assessment | $1,456,600 |
Property Taxes
Presented by
Pioneer Realty & Finance
704 1st Ave - Prime 0.5 acre to 3.6 acres @ Xtream Arena
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