Tbd Preston Ln Iowa City, IA 52246
- Land
- 4.49 lot acres
Current Use by Public Records
- Land
Property Details for 0 Tbd Preston Ln
- Lot size
- 4.49 lot acres
- Property type
- Land
Description
This exceptional 4.49-acre commercial and residential land parcel, located at TBD Preston Lane in Iowa City, IA 52246 (APN 1112156008), presents a prime development opportunity. Situated within the popular Cardinal Pointe West subdivision, this property offers breathtaking views overlooking a pond. The land is zoned RM20, allowing for the construction of up to 90 residential units. This zoning flexibility provides developers with a wide range of options, including stacked condos, duplexes, townhomes, or a custom-designed multi-family development. The asking price is $1,393,483, translating to approximately $220,489.98 per acre. All necessary development approvals must be secured through the City of Iowa City. This is an unparalleled chance to create a thriving residential community in a highly sought-after area. The property's location and zoning make it an attractive investment for developers seeking a high-return project. The existing infrastructure and desirable neighborhood further enhance the appeal of this exceptional development site. Don't miss this opportunity to build your next successful project.
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
- -91.6059
- Latitude
- 41.6674
