1924 W 12th St, Cedar Falls, IA 50613 For Sale

City Incentives negotiable and seller financing available on this 16 acre piece of prime development ground in the center of Cedar falls. Owner is working with the city to get a residential TIF zone in place. Up to half of the cost of public infrastructure rebated to the developer over a 10 year period is probable. Based on cost calculations, this could be over $1 million dollars. The site has been cleared of trees as it was previously about 80% tree covered. The owner has worked with the city on this site and is confident in what they will want for ingress and egress on this site. Preliminary site plans available for review. This ground is located in a medium density designated area on the future land use map which would allow for between 130-150 units to be built. Neighbors have been alerted of possible development with little to no push back as the neighbors are a majority of rental property owners. Owner is willing to help buyer work through the city incentives and get a development agreement in place. Less than half of a mile from the UNI Campus