This warehouse is 5,200 feet and it sits on 9,583 SF (0.22 acres m/l) of CI-1 zoned land. It abuts a building and parcel under different ownership at 850 Capital that is on the market for $6,500,000 and the two contiguous parcels could be purchased together representing over a half block of development land in the Riverfront Crossing District. This area is close to downtown and the University of Iowa offering an ideal location for higher density mid-rise multifamily development. More information on the Riverfront Crossings development plan is available on the City of Iowa City website: https://www.icgov.org/government/advanced-components/misc-pages/search?q=riverfront%20crossings. If a buyer elected to buy both sites, they would have the site outlined in red on the cover photo (subject property) as well as the site outlined in blue on the cover photo (850 Capital Street) right at the NEC of Capitol and Benton Streets. The value of this offering is in the land for future development and the pricing compares well with other parcels that have been developed and are under development near this site and in the Riverfront Crossing district.
This warehouse is 5,200 feet and it sits on 9,583 SF (0.22 acres m/l) of CI-1 zoned land. It abuts a building and parcel under different ownership at 850 Capital that is on the market for $6,500,000 and the two contiguous parcels could be purchased together representing over a half block of development land in the Riverfront Crossing District. This area is close to downtown and the University of Iowa offering an ideal location for higher density mid-rise multifamily development. More information on the Riverfront Crossings development plan is available on the City of Iowa City website: https://www.icgov.org/government/advanced-components/misc-pages/search?q=riverfront%20crossings. If a buyer elected to buy both sites, they would have the site outlined in red on the cover photo (subject property) as well as the site outlined in blue on the cover photo (850 Capital Street) right at the NEC of Capitol and Benton Streets. The value of this offering is in the land for future development and the pricing compares well with other parcels that have been developed and are under development near this site and in the Riverfront Crossing district.
