Taft Ave Iowa City, IA 52240
- Land
- 19.28 lot acres
Current Use by Public Records
- Land
Property Details for 0 Taft Ave
- Lot size
- 19.28 lot acres
- Property type
- Land
- Property subtype
- Industrial properties
Description
This exceptional 19.28-acre property presents a unique investment opportunity in Iowa City, IA. Located on Taft Ave SE, it boasts prime commercial development potential, situated near the recently updated I-80/Herbert Hoover Highway interchange, experiencing over 55,000 Annual Average Daily Traffic (AADT). Currently zoned for Working Farm and Future Commercial use, this land offers flexibility for a variety of projects. The property is conveniently located near a mix of businesses, educational institutions, and residential areas. While currently leased as farmland until September 1, 2024, the expansive lot size allows for ambitious ventures. Buyers should conduct due diligence and collaborate with Iowa City and Johnson County for development plans. Utilities will need to be extended to the site. The asking price is $674,800, or $35,000 per acre. Note that this sale does not include the house or buildings at 3544 Taft Ave SE. Adjacent parcels (0908201001, 0908226001, and 0905351003) are available for purchase, offering potential for larger-scale development. This is an ideal location for a wide range of commercial uses, from retail to industrial, making it a compelling investment for those seeking to capitalize on Iowa City's thriving economy. The APN is 0905327003.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Iowa City
- County
- Johnson
- State
- Iowa
- Longitude
- -91.4604
- Latitude
- 41.677
