7105 Highway 10 NW - Retail FOR SALE


Ramsey, MN 55303
$650,000 USD
7105 Highway 10 NW, Ramsey, MN for Sale
$650,000 USD
Retail - FOR SALE
1/18
null | 8.63% Cap Rate

7105 Highway 10 NW
Ramsey, MN 55303


HIGHLIGHTS

  • Investment or owner/user opportunity - Current tenants are open to staying or will vacate
  • 15’ clear height
  • 4 drive-in doors (multiple bay configurations)
  • Exterior painting and parking lot improvements completed
  • Brand new heaters and fluid station
  • Interior paint and flooring updated in 2023

OVERVIEW

Auto dealership and repair shop for sale! This is an Investment or owner user opportunity. This highly visible 2,586 SF commercial building is located directly on Highway 10. Zoned B-2 this property has a wide range of commercial and auto uses. Currently the property is perfectly configured for an auto service and sales operation. The tenants are open to staying, or a new owner could occupy the building. The functional layout includes four total drive-in doors, 15’ clear height, and a welcoming lobby and sales office area. The shop and dealership are currently separate and could continue to run as two businesses or could be combined. The shop itself offers exceptional flexibility with a large two-bay area accessed by two 12 ft. overhead doors, a separate service bay with a 14 ft. door, and a dedicated dealership bay with a 10 ft. door. The property has seen recent investment, including interior renovation in 2023 with new paint and flooring, brand new heaters, a new fluid station, an updated bathroom, and a mezzanine break room. Exterior improvements include a full building repainting and recent parking lot repairs with new asphalt and striping completed to city standards. The lot holds around 35-40 cars. The city has approved 25-27 vehicles on the lot for sales. Convenient access via a new service road, this property offers an excellent presence on a major commercial corridor.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$185 USD /SF

CAP RATE

8.63%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Auto Dealership, Auto Repair, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

B-2

APN/PARCEL ID

27-32-25-33-0007

ASK ABOUT THIS PROPERTY

Amber LangeCreative Property ProfessionalsMore Info

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Amber LangeCreative Property ProfessionalsMore Info

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