432 16th AVE NW Pending Save Request In-Person Tour Request Virtual Tour
Rochester,MN 55901
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
Subdivision Cascade Center
MLS Listing ID 6499005
Year Built 1964
Annual Tax Amount $32,716
Tax Year 2023
Contingent None
Lot Size 0.860 Acres
Acres 0.86
Lot Dimensions 276 x 180
Property Description
Unlock the Potential! Discover this prime property that once housed a popular restaurant, now cleared and transformed into a versatile shell space, ready for your creative vision. Located in an established residential neighborhood surrounded by a vibrant mix of retail, this lot offers endless possibilities for residential, commercial, or mixed-use development.
Land Description: This property consists of two parcels (0.86 Acres), providing exceptional flexibility for your project. With a high visibility rate of 4,950 AADT, you’ll benefit from easy access and strong exposure, making it an ideal spot for your next venture.
Building Information: The existing structure can be repurposed to suit your needs or torn down to make way for your vision. Whether you envision a modern residential complex, a vibrant retail hub, or an innovative mixed-use space, the canvas is yours to design!
Neighborhood Highlights: Residents will appreciate the convenience of nearby parks, restaurants, and shopping centers, creating a dynamic environment that attracts both visitors and locals. This prime location is set to become a thriving hub for future success.
Investment Opportunity: Don’t miss out on this exceptional chance to capitalize on the growing demand in this desirable area. Your vision can take shape here—transform this clean, ready-to-develop space into something extraordinary!
Location
State MN
County Olmsted
Zoning Business/Commercial
Rooms
Basement Unfinished
Interior
Heating None
Cooling None
Inclusions Building,Land
Fireplace No
Exterior
Parking Features Parking Lot
Utilities Available Electric Separate,Heating Separate,Hot Water Separate
Roof Type Flat
Present Use Vacant
Building
Lot Description Irregular Lot
Foundation 4656
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Stucco
Schools
School District Rochester