$700,000

Rare land development opportunity in the middle of North Liberty. Great location-close to the new UIHC, grocery stores, restaurants and schools. Multi-family land 4.5 acres, currently zoned RM8. The City of North Liberty has indicated they would allow the property to be rezoned higher density, a minimum of RM14 which allows for 70 units which includes the additional 10% density bonus (see NL P&Z) with PAD in place. Buyer could work with the City to possibly rezone to allow more units. Gas and electric are present on the property, City water and sewer are present on adjoining property. Property consists of 2 parcels. Property is in a PAD. Steel utility building, 26’ x 40’, 1040sqft will remain intact-great place to store equipment while developing the property. Not ready to develop-buy this now to hold for long term value! Apply for WHTC! Buyer is ONLY responsible for improvements within property lines-Ashley Ct outside of property lines is the responsibility of the City of North Liberty. Please see document from P&Z acknowledging this agreement.