7300 42nd Ave N - Freestanding FOR SALE
New Hope, MN 55427 |
$1,900,000 USD
651-900-4386
7300 42nd Ave N
New Hope, MN 55427
HIGHLIGHTS
- Signalized corner presence on 42nd Ave N (Rockford Rd) at Nevada Ave N: 24,039 vehicles per day (MnDOT 2024).
- Midway between Hwy 169 & Hwy 100, about 1.3 miles to each interchange on New Hope's main east-west corridor.
- Flexible CB zoning: restaurant, retail, office, medical, personal services, health club, brewpub, cannabis retail & more.
- Existing building & 50+ stalls give day-one utility: occupy, lease for holding income, or clear the site.
- Guided Commercial in the 2040 plan inside Planning District 11, the city's designated City Center area.
- 102,305 people & $104,214 average household income within 3 miles.
OVERVIEW
Retail / Office Repurpose / Redevelopment | 6,867 SqFt
A 1.43-acre Community Business (Zoned) site at 42nd Ave N & Nevada Ave N, with creative options: occupy or lease the existing freestanding building, or take the full City Center-guided parcel to redevelopment.
Please contact David Dirkers at 651-998-9380 or david@mrgrealtypartners.com with any questions or for additional site information /showings.
FOR SALE DETAILS
PRICE
$1,900,000 USD
PRICE/SF
$277 USD /SF
CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
Single
SALE TYPE
Investment Or Owner User
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1996
SPRINKLERS
-
PARKING SPACES
50
LAND DETAILS
LAND ACRES
1.43 AC
LAND SF
62,291 SF
ZONING
Commercial
APN/PARCEL ID
17-118-21-21-0054
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
651-900-4386
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
651-900-4386
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
