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1621 6Th Ave Marion, IA 52302

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For Sale
$241,500

1.12-acre development site suitable for multifamily housing.

Lot size:
1.12 Acres

Property Features for 1621 6Th Ave

General Information

Lot size
1.12 Acres

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Listing Contact
Angie Glick
Angie Glick
Source: Moodyscre

Listing Agent: Angie Glick

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

Marion Multifamily Development Site

This 1.12-acre development site is located along 6th Avenue in Uptown Marion. Zoned UTR-2 (Urban Transition Residential 2), concept plans illustrate the potential for a 20-unit executive-level multifamily project. The plans feature 2-bed/2-bath units with attached garages. Depending on the final site configuration, additional units may be feasible. The property is situated in a central Marion location, within walking distance of restaurants, the public library, Vernon Middle School, and other amenities. Market analysis estimates housing demand from 2022-2030 as follows: Market Rate Rentals Needed: 595 units; Shallow - Subsidy: 306 units; Deep - Subsidy: 48 units. This site offers a limited opportunity to purchase land near Uptown Marion, ideal for multifamily development.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Residential land & home ...

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Marion
County
Linn
State
Iowa
Longitude
-91.5927474
Latitude
42.032195

FAQs

What type of property is this?
Land - 1.12-acre development site suitable for multifamily housing.
Where is this land located?
The property is located at 1621 6Th Ave Marion, IA.
What is the asking price?
The asking price for this property is $241,500.
What are key features of this property?
This property features: - 1.12-acre development site in central Marion.; - Zoned UTR-2 (Urban Transition Residential 2), suitable for multifamily development.; - Concept plans available for a 20-unit executive-level multifamily project.
More about this property
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