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402 1st Ave SW

3,235 SF 100% Leased Retail Building Austin, MN 55912 £391,225 (£121/SF) 8.50% Net Initial Yield

Executive Summary

Commercial building for sale in Austin, MN. H&R Block tenant is on a long lease and this sale includes the sale of the Papa Murphys business. Sale also includes a half acre parcel of parking lot in front of the building. Location is perfect and this is a high returning asset for any investor to make good returns on! Call today for more information!

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,235 SF
Building Class
C
Year Built
1980
Price
£391,225
Price Per SF
£121
Net Initial Yield
8.50%
NOI
£33,254
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.57
Land Acres
0.13 AC
Zoning
B-2 - Community Business District
Parking
40 Spaces (12.36 Spaces per 1,000 SF Leased)
Frontage
242 ft on 1st Ave

Amenities

  • Signage
  • Signalised Intersection
  • Wheelchair Accessible
  • Air Conditioning
  • Smoke Detector
1 of 1
Walk Score ®
Very Walkable (83)
Bike Score ®
Very Bikeable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 34-575-0200 Improvements Assessment £233,561
Land Assessment £56,493 Total Assessment £290,054

PROPERTY TAXES

Parcel Number
34-575-0200
Land Assessment
£56,493
Improvements Assessment
£233,561
Total Assessment
£290,054
(605) 759-5076

  • Listing ID: 31600719

  • Date on Market: 24/04/2024

  • Last Updated:

  • Address: 402 1st Ave SW, Austin, MN 55912

The Retail Property at 402 1st Ave SW, Austin, MN 55912 is currently available For Sale. Contact True Real Estate for more information.

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© 2024 CoStar Group

402 1st Ave SW
(605) 759-5076 x

402 1st Ave SW

Mark Olsen

(605) 759-5076

(605) 759-5076

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