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    708 1St Ave Coralville, IA 52241

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    For Sale
    Contact for pricing

    1.64 Acres, Prime Location, Xtream Arena

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.64-acre commercial and residential land parcel presents a unique investment opportunity in the thriving Coralville/Iowa City market. Strategically located directly across from the Xtream Arena, a multi-functional arena utilized by the University of Iowa Hawkeyes, this property enjoys high visibility and accessibility. The site includes the existing Casa Azul Restaurant and land behind the Scooters Coffee location, offering potential for redevelopment or expansion. The property's proximity to the Iowa River Landing project further enhances its desirability. This offering is situated just north of and adjacent to 708 1st Ave, another available parcel (approximately 2 acres), presenting the possibility of acquiring a combined total of approximately 3.6 acres. Prospective buyers are responsible for conducting thorough due diligence regarding zoning, land use, utilities, and plot size. All aspects of the property should be independently verified before closing. The seller is motivated and open to working with serious, qualified buyers to facilitate a successful transaction. Bring all offers for consideration.

    Property Features for 708 1St Ave

    General Information

    Property type
    Land

    HighLights

    • 1.64 acres of commercial and residential land available in Coralville, IA.
    • Located across from Xtream Arena and near the Iowa River Landing project.
    • Includes the existing Casa Azul Restaurant and land behind Scooters Coffee.
    • Adjacent to a separately listed 2‑acre parcel (totaling approximately 3.6 acres available).
    • Buyer to conduct due diligence on zoning, utilities, and plot size.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Coralville
    County
    Johnson
    State
    Iowa
    Longitude
    -91.566204050835
    Latitude
    41.679314377997

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    FAQs

    What type of property is this?
    Land - 1.64 Acres, Prime Location, Xtream Arena
    Where is this land located?
    The property is located at 708 1St Ave Coralville, IA.
    What are key features of this property?
    This property features: 1.64 acres of commercial and residential land available in Coralville, IA.; Located across from Xtream Arena and near the Iowa River Landing project.; Includes the existing Casa Azul Restaurant and land behind Scooters Coffee.
    Request Owner's contact information
    708 1St Ave Coralville, IA 52241
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    Coralville, IA 52241
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    708 1St Ave Coralville, IA 52241
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