4505 Urbana Rd Center Point, IA 52213
This exceptional 103.13-acre property in Center Point, Iowa, presents a unique investment opportunity. Ideally situated at 4505 Urbana Rd, 52213, Linn County, this land boasts a desirable location bordering a creek to the north and a city park with bike trails to the south. Its proximity to the new Center Point High School (two blocks away) adds significant appeal. Currently zoned for agricultural use and actively farmed, the land offers considerable potential for diverse development. A water main is conveniently located just a block from the property. While a 4-inch force main lift station will be required for sanitary sewer, the city of Center Point is receptive to collaborating on a support package to facilitate development. Conceptual plans illustrate the feasibility of a 222-lot residential development, incorporating a 6-acre lake, extensive bike trails, and an amphitheater. The asking price is $2,578,250, translating to $25,000 per acre, reflecting the land's exceptional value and development potential. This property offers a compelling blend of location, size, and potential, making it an attractive proposition for discerning investors and developers. The latitude and longitude coordinates are 42.197548, -91.799797 respectively.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
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Property description
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