Property Listing No Longer Available for Sale

1490 Hastings Ave, Newport, MN

Land for Sale - $235,000 - 1,624 Sq. Ft. on 138 acres


Property Info

CIMLS#549681
Location
  1490 Hastings Ave
  Newport MN 55055
UpdatedFebruary 7th, 2014
TypeLand
Price$235,000
Building1,624 Sq. Ft.
Land138 acres

Property Description

Cut and Paste URL for Marketing Packet: http://www.resultscommercial.com/documents/1490Hastings.pdf

Excellent redevelopment opportunity located in the MPLS & ST. PAUL suburb of Newport, MN. The corner property is located on the newly redone frontage road of the expanded and completed Highway 61 in Washington County. Easy access to the location from major Twin City freeways. The offering consists of approximately 1.38/acres with a recently completed survey available for review upon request.

Highly visible and convenient neighborhood location. The property consists of two separate PIDs that can be split depending on redevelopment requirements. See offering package for additional information on individual lot sizes. In addition to the available land, the offering includes a 1,642 sq. ft. home and two stand-alone double garages that are currently used as rental properties. The three rental sources are currently providing a positive cash flow for the existing ownership group. In addition to redevelopment options, the property can be acquired, maintained and held as an ongoing income producing asset.

The subject property is zoned


Financials