Herbert Hoover Hwy Iowa City, IA 52240
- Land
- 35.04 lot acres
Current Use by Public Records
- Land
Property Details for 0 Herbert Hoover Hwy
- Lot size
- 35.04 lot acres
- Property type
- Land
- Property subtype
- Industrial properties
Description
This exceptional 35.04-acre property presents a unique investment opportunity in Iowa City, IA. Located on Herbert Hoover Hwy SE 2, this land boasts significant highway frontage and is zoned for Working Farm and Future Commercial uses, offering unparalleled development potential. The property's strategic location provides convenient access to the recently updated Interstate 80 and Herbert Hoover Highway interchange, experiencing over 55,000 Annual Average Daily Traffic (AADT). Surrounded by a mix of businesses, educational institutions, and residential areas, this site is ideally positioned for a variety of commercial ventures. While currently leased as farmland until September 1, 2024, the expansive acreage allows for ambitious projects, from sports complexes to retail developments, commercial condos, or storage facilities. The asking price is $1,225,000 ($35,000/acre). Potential buyers should conduct their due diligence and collaborate with the City of Iowa City and Johnson County to finalize development plans. Utilities will need to be extended to the site. Note that this sale does not include the property at 3610 Taft Ave, Iowa City, IA. Adjacent parcels (APN 0908201001, 0905351003, and 0905327003) are available for purchase as well. This is a prime opportunity to shape the future of Iowa City's commercial landscape. The APN for this specific parcel is 0908226001.
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
- -91.4533
- Latitude
- 41.671
