508 Central Ave N - Storefront Retail/Residential FOR SALE


Faribault, MN 55021
$399,000 USD
507-334-1695
508 Central Ave N, Faribault, MN for Sale
$399,000 USD
Storefront Retail/Residential - FOR SALE
1/24
null | Request Cap Rate

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508 Central Ave N
Faribault, MN 55021


OVERVIEW

Prime Downtown Faribault Commercial Opportunity. Situated in the heart of downtown Faribault, this versatile commercial property offers exceptional potential. Formerly operating as a restaurant, the main level is currently vacant and ready for a new business venture. Above the commercial space is a fully leased apartment, providing steady rental income or the option for owner occupancy. Zoned Central Business District (CBD), this property allows for a wide range of uses including retail, financial services, office space, personal services, and entertainment. Residential units are also permitted as an accessory use when located above a first-floor commercial use. Whether you're looking to launch a new business, transition your food truck into a brick-and-mortar location, or invest in a mixed-use property, this is a rare opportunity with unlimited potential. Showings of apartment will require 24 hours’ notice. All information is deemed reliable, but it is not guaranteed. Buyer and buyer's agent to verify all information.

FOR SALE DETAILS

PRICE

$399,000 USD

PRICE/SF

$141 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,400 SF

ZONING

-

APN/PARCEL ID

18.31.1.26.170

ASK ABOUT THIS PROPERTY

Kathy KalowEdina RealtyMore Info
507-334-1695

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Kathy KalowEdina RealtyMore Info
507-334-1695

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