Herbert Hoover Hwy Iowa City, IA 52240
- Land
- 33.74 lot acres
Current Use by Public Records
- Land
Property Details for 0 Herbert Hoover Hwy
- Lot size
- 33.74 lot acres
- Property type
- Land
- Property subtype
- Industrial properties
Description
This exceptional 33.74-acre property presents a unique investment opportunity in Iowa City, IA. Located on Herbert Hoover Highway SE, this land boasts prime commercial development potential, situated near the recently updated I-80 interchange, offering high visibility and convenient access. The property is zoned for Working Farm and Future Commercial uses, providing flexibility for a variety of development projects. While currently leased as farmland until September 1, 2024, the expansive lot size allows for ambitious ventures, from retail spaces to industrial facilities. Buyers should conduct their due diligence and collaborate with Iowa City and Johnson County officials to finalize development plans. Essential utilities will need to be installed. Note that this sale excludes any structures located at 3544 Taft Ave SE. The asking price is $1,180,900, translating to $35,000 per acre. This parcel (APN 0905351003) is contiguous with parcels 0908201001, 0908226001, and 0905327003, offering the possibility of acquiring a larger, combined land area. The property's strategic location near a major highway with an annual average daily traffic exceeding 55,000 vehicles makes it an attractive proposition for developers seeking high-impact commercial projects.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Iowa City
- County
- Johnson
- State
- Iowa
- Longitude
- -91.4531
- Latitude
- 41.671
