704 1St AveCoralville, IA 52241

Property Details for 704 1St Ave

Year built

1972

Construction

FRAME

Lot size

2.09 AC

Property size (Sq ft)

50,587 SF

Property type

Commercial real estate

APN

1005154009

APU

1005154009

Description

This exceptional property offers a unique investment opportunity in the thriving Coralville, Iowa market. Spanning 1 to 3.6 acres, this land parcel boasts a highly desirable location directly across from the XTREAM Arena and the Iowa River Landing project, ensuring high visibility and accessibility. The property is zoned C-PUD, offering flexibility for a variety of development options. Previously occupied by a hotel at 704 1st Ave, Coralville, IA 52241, this site presents a blank canvas for ambitious projects. Its strategic position provides convenient access to major thoroughfares, placing it minutes from the University of Iowa and the VA Hospital, guaranteeing a robust potential customer base. The site's versatility allows for diverse development possibilities, including multifamily housing, quick-service or fine dining restaurants, pharmacies, gas stations, or other commercial ventures. A long-term land lease is also available, providing alternative ownership structures. Interested parties are encouraged to contact the Coralville, IA Planning Department to explore project feasibility and zoning regulations. This is a rare chance to acquire a significant parcel of land in a rapidly growing area with exceptional potential for substantial returns. The seller is open to both sale and lease options, offering flexibility to suit individual investment strategies.

• Alternative Use

  Use

  Valuation

  Residential

  $15,491,362

  Hospitality

  $14,190,005

  Educational

  $11,805,917

  Medical

  $12,211,941

  Retail

  $18,364,760

Location Insight

City

Coralville

County

Johnson

State

Iowa

Latitude

41.6792

Longitude

-91.5668

CBSA code

26980

CBSA name

IOWA CITY, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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