202 S 2nd Ave - Office FOR SALE
Virginia, MN 55792 |
$1,400,000 USD
866-889-0550
202 S 2nd Ave
Virginia, MN 55792
HIGHLIGHTS
- Attractive Entry-Level Price Point Paired with a High Capitalization Rate: Offers investors an accessible purchase opportunity with strong initial yie
- Prominent Hard-Corner Location: Strategically positioned at a signalized intersection, enhancing visibility, accessibility, and daily drive-by exposur
- Proximity to Government and Financial Services: Located less than half a mile from a U.S. Bank branch and a St. Louis County Government Services Cente
- Close to Key Educational Institution: Just ±0.6 miles from North Star Elementary School, contributing to steady neighborhood foot traffic and supporti
- Tenant recently renewed a five-year option: Tenant has demonstrated commitment to the site through recently renewing a five-year option that commences
FOR SALE DETAILS
PRICE
$1,400,000 USD
PRICE/SF
$467 USD /SF
CAP RATE
9.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Thrifty White
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
B
YEAR BUILT
1936
SPRINKLERS
-
PARKING SPACES
10
LAND DETAILS
LAND ACRES
0.21 AC
LAND SF
9,000 SF
ZONING
COMM
APN/PARCEL ID
090001006780
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