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In-PersonVirtual Tour
$ 241,500
Est. payment | /mo
1.12 Acres Lot
$ 241,500
Est. payment | /mo
1.12 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2503532
HOA Y/N No
Annual Tax Amount $2,702
Lot Size 1.120 Acres
Acres 1.12
Property Sub-Type Commercial
Property Description
1.12-acre development site located along 6th Avenue in Uptown Marion, zoned UTR-2 (Urban Transition Residential 2). Concept plans illustrate a 20-unit executive-level multifamily project featuring 2-bed/2-bath units with attached garages. Additional units may be feasible depending on final site configuration. Contact listing agent for details. Market analysis estimates housing demand from 2022-2030 as follows: • Market Rate Rentals Needed: 595 units; • Shallow - Subsidy: 306 units; • Deep - Subsidy: 48 units.
Location
State IA
County Linn
Area Marion
Interior
Interior Features InteriorFeatures
Fireplace No
Exterior
Utilities Available Electricity Available, Natural Gas Available
Water Access Desc Public
Street Surface Paved
Building
Lot Description Level
Sewer Public Sewer
Water Public
Schools
High Schools Marion
Others
Tax ID 15062-21007-00000
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Listed by GLD COMMERCIAL
NEARBY SCHOOL & BUSINESS