708 1st Ave Coralville, IA 52241-2104
This exceptional 1.64-acre commercial and residential land parcel presents a unique investment opportunity in the thriving Coralville/Iowa City market. Strategically located directly across from the Xtream Arena, a multi-functional arena utilized by the University of Iowa Hawkeyes, this property enjoys high visibility and accessibility. The site includes the existing Casa Azul Restaurant and land behind the Scooters Coffee location, offering potential for redevelopment or expansion. The property's proximity to the Iowa River Landing project further enhances its desirability. This offering is situated just north of and adjacent to 708 1st Ave, another available parcel (approximately 2 acres), presenting the possibility of acquiring a combined total of approximately 3.6 acres. Prospective buyers are responsible for conducting thorough due diligence regarding zoning, land use, utilities, and plot size. All aspects of the property should be independently verified before closing. The seller is motivated and open to working with serious, qualified buyers to facilitate a successful transaction. Bring all offers for consideration.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.