NOT LISTED FOR SALE

4902 Herbert Hoover Hwy SE Unit 1.88 Level Acres Iowa City, IA 52240

1.88 Acres
-- Price per Acre
81,893 Sq Ft Lot

Last Sold May 27, 2015

Last sale price $360,000

95 Days on Market

About This Lot

As of May 2015

Will sell shovel ready, site plan approved lot or will build to suit. 30' x 35', 30' x 40', 30' x 75' or Larger units available. See associated documents for plat map, aerial view, additional information, and graphic rendition of finished buildings as they are situated on the lot. Will provide subcontractor list for interested buyers.

Last Agent to Sell the Property

Jerry Eyman

Ruhl&Ruhl, Realtors Listed on: 01/19/2015

Ruhl&Ruhl, Realtors

Co-Listed By

Kelley Myers

Ruhl&Ruhl, Realtors

Last Buyer's Agent

Gwen Johnson

Skogman Realty Co.

Skogman Realty Co.

Property Details

Property Type

  • Land

Lot Details

  • 1.88 Acre Lot
  • Lot Dimensions are 342x240x342x238
  • Property fronts an interstate
  • Level Lot
  • Open Lot
  • Property is zoned Commercial

Schools

  • West Branch Elementary And Middle School
  • West Branch High School

Utilities

  • Underground Utilities
  • Community Well
  • Community Sewer or Septic
  • Internet Available
  • Phone Available

Listing and Financial Details

  • Assessor Parcel Number 0905453002

Community Details

Overview

  • Gateway 1St Addition Subdivision

Recreation

  • Pond

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: LOTS/LAND
  • Type: Lot/Land
  • Photo Code: Complete
  • Photo Code1: Broker Loaded
  • Remarks: INVESTOR/BUILDER/DEVELOPER OPPORTUNITY: $6/Sq. Ft., 1.88 acre level Commercial lot with Johnson County approved site plan to build 2 buildings totaling 30,900 Sq. Ft. with 27 units that can be sold or rented and retained by owner. Well located next to I-80 Exit 249 with easy access to IC/CV and surrounding areas. Utilities at lot line Traffic counts: 35,000 I-80 / 9,500 HHH. Vacancy rate in 227 existing units below 3%. Lot is NOT part of existing Condo Assn. Seller licensed to sell Real Estate in Iowa & MO
  • T Val: 360000
  • Tax Year Report: 2013
  • Potential Use: Commercial/Industrial
  • Section: 5W
  • Subdivision: Gateway 1st Addition
  • Directions: Off I-80 Exit 249 westbound towards IC to first Street (Dolphin Drive) on the right. Lot is located between Dolphin and Perch Drives.
  • L O1 Dues Paid: y
  • L O2 Dues Paid: y
  • S O1 Dues Paid: y
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Frontage: County/City Road, Interstate Service, Pavement

Utilities

  • Internet: Yes
  • Utilities Available: Community Septic, Community Well, Electricity, Natural Gas, Telephone, Underground Utilities
  • Water: Pond

Condo/Co-op/Association

  • Amenities: Street Lights

Schools

  • High School: West Branch
  • Jr Middle School: West Branch
  • Elementary School: West Branch

Lot Info

  • Acreage: 1.88
  • Geo Subdivision: IA
  • Lot Dimensions: 342X240X342X238
  • Zoning: Commercial
  • Estimated Lot Sq Ft: 1-2 Acres
  • Improvements: Curb & Gutter, Open Land
  • Lot: 1
  • Present Use: Undeveloped Land
  • Price Per Acre: 261012
  • Topology: Level

Tax Info

  • Gross Tax County City: 12285
  • Assessor Parcel Number: 0905453002

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2015 05/27/15 Sold $360,000 -39.9% --
04/24/2015 04/24/15 Pending -- -- --
01/19/2015 01/19/15 For Sale $599,000 -- --
Source: Iowa City Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 20150477

Iowa City Area Association of REALTORS®