$1,025,000
$1,950,000
47.4%For more information regarding the value of a property, please contact us for a free consultation.
0.39 Acres Lot
SOLD DATE : 08/09/2024
Key Details
Sold Price $1,025,000
Property Type Vacant Land
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 202304766
Sold Date 08/09/24
HOA Y/N No
Annual Tax Amount $21,532
Tax Year 2020
Lot Size 0.390 Acres
Acres 0.39
Property Sub-Type Commercial
Property Description
Prominent, high-profile corner lot on 1st Street SE in Downtown Cedar Rapids in the shadow of the Paramount Theatre. This lot is located in an opportunity zone and could be eligible for a city TIF incentive for the right project. Adjacent to this site are vacant lots owned by the City of Cedar Rapids that could also be available for purchase. Together, the City of Cedar Rapids lots and the listed lots total approximately 1 acre in size and would be a terrific fit for a larger, mixed-use development. Potential uses could include hotel, office, restaurant, multi-family or condo project with on-site parking or parking ramp element.
Location
State IA
County Linn
Zoning Urban Downtown Core
Direction Located on the corner of 1st Street and 4th Ave SE in downtown Cedar Rapids
Rooms
Other Rooms None
Exterior
Community Features Sidewalks, Street Lights, Close To Shopping, On Bus Line, Curbs
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Phone Available, City Water
Present Use Platted
Topography Level
Building
Lot Size Range Less Than Half Acre
Others
Tax ID 14281-31005-00000;14281-31006-
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with NONMEMBER