Listing Courtesy of: Vance Ross - Keller Williams Premier Realty
651-379-5252
$975,000
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1321 Frost Avenue Maplewood, MN 55109
Retail
Residence
Beds
Baths
6,856
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
Prime investment opportunity: fully leased 6-unit strip mall in Maplewood. This thriving community is undergoing significant development, including three new multi-family buildings with over 150 units, promising increased foot traffic and business growth. The strip mall boasts a 7% cap rate offering... excellent returns with 100% occupancy and no vacancies. A long-standing laundromat, a local staple since the 1960's, ensures tenant stability and consistent patronage. This property guarantees immediate rental income from its fully leased units. Located in a bustling area with growing infrastructure, the strip mall is set to benefit from the influx of new residents and shoppers. The property includes a rare onsite well, eliminating city water bills and reducing costs to just outgoing sewer expenses. This investment promises long-term growth and solid return, making it a perfect addition to your portfolio. Don't miss out on this fantastic opportunity in Maplewood.
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MLS#
6543277
Property Type
Retail
Year Built
1960
Square Feet
6,856
sq. ft
Stories
2.0
Sewer
City Sewer
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