0 Tbd Preston Ln Iowa City, IA 52246

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.