300 3rd Ave SE - Schools FOR SALE


Fairfax, MN 55332
$2,000,000 USD
612-419-9425
300 3rd Ave SE, Fairfax, MN for Sale
$2,000,000 USD
Schools - FOR SALE
1/22
null | Request Cap Rate

300 3rd Ave SE
Fairfax, MN 55332


HIGHLIGHTS

  • 16-acre redevelopment opportunity with flexible commercial, residential, institutional, or mixed-use potential
  • Extensive existing infrastructure including classrooms, gymnasium, commercial kitchen, fiber internet, and numerous capital improvements
  • Prime Fairfax location adjoining a city park with exceptional community amenities and strong redevelopment potential

OVERVIEW

An exceptional redevelopment and investment opportunity awaits with the former GFW Middle School, situated on approximately 16 acres in the heart of Fairfax. Built in 1978, this expansive vacant campus offers tremendous potential for commercial, institutional, residential, or mixed-use redevelopment, subject to applicable approvals. The existing building features substantial square footage with classrooms, offices, common areas, gymnasium space, commercial kitchen facilities, and supporting infrastructure ready to be reimagined. Numerous capital improvements have already been completed, including a 2019 digital HVAC controls upgrade, fiber internet installation, digital fire protection system, upgraded kitchen hoods, updated classroom heating controls, security camera system, key card front entry access, 2008 boiler pumps, and 2019 water heaters. Portions of the roof remain under a service contract for added value. The property also adjoins a city park with baseball fields, volleyball courts, a playground, basketball court, and community garden. Appraised at approximately $6,000,000 in 2024, this landmark property presents an extraordinary opportunity with exceptional infrastructure and endless redevelopment potential.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$16 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

GFW Middle School

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Schools

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

14.5 AC

LAND SF

631,578 SF

ZONING

Business/Commercial

APN/PARCEL ID

31-01115-00,31-04200-00

ASK ABOUT THIS PROPERTY

Jason WalgraveRE/MAX Advantage PlusMore Info
612-419-9425

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Jason WalgraveRE/MAX Advantage PlusMore Info
612-419-9425

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