1.65 acres in a prime LOCATION; just 7 blocks from the Old Capitol building, the core of downtown Iowa City & the center of the University of Iowa campus. It’s priced at $6,500,000; approx $91 per foot for land cost. It is comprised of two lots plus the former CRANDIC Railroad ROW which has been abandoned & included with this site. It is in the Riverfront Crossings District with a form-based zone code allowing appropriate housing densities & parking requirements. There is currently a single-story commercial / office building on this site. The lot and building directly to the north, 804 S. Capitol St, are not included in this offering but is listed for sale & can be added to complete a nice building site. The price of 804 Capitol is $1,000,000. The value of this offering is in the land for future development & the pricing compares well with other parcels that have been developed & are under development near this site & also in the Riverfront Crossing District.
1.65 acres in a prime LOCATION; just 7 blocks from the Old Capitol building, the core of downtown Iowa City & the center of the University of Iowa campus. It’s priced at $6,500,000; approx $91 per foot for land cost. It is comprised of two lots plus the former CRANDIC Railroad ROW which has been abandoned & included with this site. It is in the Riverfront Crossings District with a form-based zone code allowing appropriate housing densities & parking requirements. There is currently a single-story commercial / office building on this site. The lot and building directly to the north, 804 S. Capitol St, are not included in this offering but is listed for sale & can be added to complete a nice building site. The price of 804 Capitol is $1,000,000. The value of this offering is in the land for future development & the pricing compares well with other parcels that have been developed & are under development near this site & also in the Riverfront Crossing District.