2325 W Wayzata Blvd - Auto Dealership FOR SALE


$2,400,000 USD
952-465-3377
2325 W Wayzata Blvd, Long Lake, MN for Sale
$2,400,000 USD
Auto Dealership - FOR SALE
1/2
null | Request Cap Rate


HIGHLIGHTS

  • The property has been home to Elite Auto for years
  • The property is zoned B-2A service business district
  • Great access
  • Visible up to approx. 12,500 VPD
  • Tough to find 10,000 SF freestanding building for sale

OVERVIEW

Cushman & Wakefield is pleased to present this confidential retail sale and lease opportunity located in Long Lake, Minnesota. Elite Auto has been owned by the same family for 50+ years. It has seen the city grow up around it. Long Lake boasts some of Minnesota’s highest household income demographics with a $177,000 within 3 miles of the property. The owners have sold cars, performed body shop work and sell parts. The pricing includes the FFA&E, but the property can be sold without the FFA&E for closer to $190 PSF, or $2,000,000. The city would encourage other uses for the property as well. We look forward to discussing with you.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$225 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

1.06 AC

LAND SF

46,173 SF

ZONING

B-2A

APN/PARCEL ID

34-118-23-23-0045

ASK ABOUT THIS PROPERTY

William MelinCushman & WakefieldMore Info
952-465-3377

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William MelinCushman & WakefieldMore Info
952-465-3377

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.