For Sale
$1,393,483

Tbd Preston Ln Iowa City, IA 52246

90-Unit Potential, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional 4.49-acre commercial and residential land parcel, located at TBD Preston Lane in Iowa City, IA 52246 (APN 1112156008), presents a prime development opportunity. Situated within the popular Cardinal Pointe West subdivision, this property offers breathtaking views overlooking a pond. The land is zoned RM20, allowing for the construction of up to 90 residential units. This zoning flexibility provides developers with a wide range of options, including stacked condos, duplexes, townhomes, or a custom-designed multi-family development. The asking price is $1,393,483, translating to approximately $220,489.98 per acre. All necessary development approvals must be secured through the City of Iowa City. This is an unparalleled chance to create a thriving residential community in a highly sought-after area. The property's location and zoning make it an attractive investment for developers seeking a high-return project. The existing infrastructure and desirable neighborhood further enhance the appeal of this exceptional development site. Don't miss this opportunity to build your next successful project.

Highlights

  • Prime development opportunity in the desirable Cardinal Pointe West subdivision.
  • RM20 zoning allows up to 90 residential units.
  • City of Iowa City approvals required for development.
  • 4.49-acre lot, APN 1112156008, priced at $1,393,483 ($309,909/acre).
  • Located in Iowa City, IA, 52246, at TBD Preston Lane.

Property Details for 0 Tbd Preston Ln

Property type
Land
Lot Size (sq. ft)
195,584 SF

Location Insight

City
Iowa City
County
Johnson
State
Iowa
Latitude
41.6674033
Longitude
-91.6058618

FAQs

What type of property is this?
Land - 90-Unit Potential, Prime Location
Where is the land located?
The property is located at Tbd Preston Ln Iowa City, IA.
What is the asking price?
The asking price for this property is $1,393,483.
What are key features of this property?
This property features: Prime development opportunity in the desirable Cardinal Pointe West subdivision.; RM20 zoning allows up to 90 residential units.; City of Iowa City approvals required for development.
How can I contact the broker?
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