3025 Northgate Dr Iowa City, IA 52245
This exceptional 2.22-acre commercial lot presents a prime development opportunity in Iowa City, Iowa. Located at 3025 Northgate Dr, in Johnson County, zip code 52245, this property is zoned CO-1, allowing for a wide range of commercial uses. The asking price is $227,383, translating to approximately $130,679.89 per acre. Buyers should be aware that the sale is contingent upon city approval of the subdivision and final plat. This property is ideal for entrepreneurs and developers seeking to establish a new commercial venture in a thriving Iowa City location. The land's size and zoning provide significant flexibility for various commercial building plans. The property's coordinates are 41.6886588 latitude and -91.4897359 longitude. This is a rare opportunity to acquire a sizable commercial lot in a desirable area, ready for immediate development. Serious inquiries are encouraged to explore the potential of this valuable asset. The seller is licensed to sell real estate in Iowa. Broker cooperation is available.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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