Listed by Lepic-Kroeger, REALTORS
$4,750,000
305 E Prentiss St, 315 E Prentiss St, 625 S Gilbert St
Details
Property Type Land
Sub Type Commercial
Acreage 1.590
Zoning CI1, CC2, RFC
Prime downtown land ready for redevelopment!
Marketing description
This 1.59 acres of land for redevelopment offering is within the Riverfront Crossing District & near city center at 305 & 315 E Prentiss St & 625 S Gilbert St, Iowa City. The site has been approved by the City of Iowa City for 382 beds in 192 units (50 one-bed, 94 two-bed and 48 three-bed). This requires 298 parking spaces and 150 of those were proposed to be built on-site with 148 using fee-in-lieu so construction is not required for those. Additionally, 121 bike parking spaces are required. All parties are encouraged to confirm City approvals with the City of Iowa City. The current owner is going to raze all buildings on site before closing at current owner's cost.
Listing Contacts
Listed by Lepic-Kroeger, REALTORS
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