804 Capitol st - Industrial FOR SALE


Iowa City, IA 52240- Downtown Iowa City
$1,000,000 USD
319-331-6187
804 Capitol st, Iowa City, IA for Sale
$1,000,000 USD
Industrial - FOR SALE
1/13
null | Request Cap Rate

804 Capitol st
Iowa City, IA 52240
Downtown Iowa City


OVERVIEW

This warehouse is 5,200 feet and it sits on 9,583 SF (0.22 acres m/l) of CI-1 zoned land. It abuts a building and parcel under different ownership at 850 Capital that is on the market for $7,000,000 and the two contiguous parcels could be purchased together representing over a half block of development land in the Riverfront Crossing District. This area is close to downtown and the University of Iowa offering an ideal location for higher density mid-rise multifamily development. Near West Benton Street, with a traffic count of 9,900 cars per day. More information on the Riverfront Crossings development plan is available on the City of Iowa City website: https://www.icgov.org/government/advanced-components/misc-pages/search?q=riverfront%20crossings. If a buyer elected to buy both sites, they would have the site outlined in red on the cover photo (subject property) as well as the site outlined in blue on the cover photo (850 Capital Street) right at the NEC of Capitol and Benton Streets. The value of this offering is in the land for future development and the pricing compares well with other parcels that have been developed and are under development near this site and in the Riverfront Crossing district.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$192 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22

LAND SF

9,583

ZONING

-

APN/PARCEL ID

1015259001

ASK ABOUT THIS PROPERTY

Jeff EdbergLepic-Kroeger, RealtorsMore Info
319-331-6187

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Jeff EdbergLepic-Kroeger, RealtorsMore Info
319-331-6187

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.