710-714 N Atlantic Ave - Storefront FOR SALE


Morris, MN 56267
$1,200,000 USD
248-848-4109
710-714 N Atlantic Ave, Morris, MN for Sale
$1,200,000 USD
Storefront - FOR SALE
1/2
null | 8.76% Cap Rate

710-714 N Atlantic Ave
Morris, MN 56267


HIGHLIGHTS

  • Subject Property is 90% Occupied.
  • Value-Add Lease-Up Opportunity.
  • 11 total rentable units with 2 units that are vacant and available for lease.
  • 2,090 SF (2 Units) are vacant and available for lease.
  • National Tenants Include; Ace Hardware, State Farm, Edward Jones Financial.
  • Surrounded by many National, Regional, and Local complimentary tenants.

OVERVIEW

Friedman Real Estate is pleased to present this multi-tenant retail/office center in the heart of Downtown, Morris, MN. The subject property was built in 1974 and is zoned CBD – Central Business District. The subject property is 23,090 SF with 21,387 SF of net rentable area. There are 11 total rentable units with 2 vacant units available for lease. This site is 90% occupied with a value-add lease-up opportunity. There currently are several month-to-month leases in place, with long-term historical occupancy.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$56 USD /SF

CAP RATE

8.76%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

20-0153-000,20-0154-000

ASK ABOUT THIS PROPERTY

Derek DeLauraFriedman Real EstateMore Info
248-848-4109

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Derek DeLauraFriedman Real EstateMore Info
248-848-4109

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