622 1St AveCoralville, IA 52241

  • Land
  • 0.54 AC
For Sale
$2,000,000 View listing

Property Details for 622 1St Ave

Lot size
0.54 AC
Property type
Land
Property subtype
Commercial land
APN
1005428002
APU
1005428002

Description

This exceptional 1.1-acre commercial land parcel, located at 622 & 626 1st Ave in Coralville, Iowa (zip code 52241), presents a unique investment opportunity. Situated on a high-traffic area of South 1st Avenue, boasting a daily traffic count of 22,800 vehicles, this property offers unparalleled visibility and accessibility. The lot is zoned C-2, allowing for a diverse range of commercial and industrial uses, including office and institutional developments. Its convenient location north of McDonald's ensures high foot traffic and brand recognition. The property's size and zoning provide ample space for various development projects. Furthermore, the seller is open to build-to-suit options for prospective tenants, offering flexibility and customization. This prime location, coupled with the seller's willingness to collaborate on development, makes this a truly exceptional opportunity for investors and businesses seeking a strategic foothold in the thriving Coralville market. The property is conveniently located on a bus line, enhancing its accessibility and appeal. This is a rare chance to acquire a significant commercial land parcel in a high-demand area.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $7,181,448
    Hospitality
    $6,578,168
    Educational
    $5,472,959
    Medical
    $5,661,182
    Retail
    $8,513,491
622 1St Ave, Coralville, Iowa
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Location Insight

City
Coralville
County
Johnson
State
Iowa
Latitude
41.6785
Longitude
-91.5666
CBSA code
26980
CBSA name
IOWA CITY, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$12,072
$375,200
-
$375,200
-
$375,200
-
$375,200

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