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1001 2nd St SE - Washington Square Townhomes 2.34 Acres of Residential Land Offered at $895,000 in Minot, ND 58701
Investment Highlights
- Zoned for 32 Town Home lots.
- All utilities to site.
- Prime location in Minot.
Executive Summary
1001 2nd St SE is zoned R3. The lot has been planned for 32 Town Homes in 5 buildings. All utilities are stubbed to each of the five buildings. There have been a couple of hundred thousand dollars invested with approved plans! This property is ready to go vertical!! This property is in a prime location in the city of Minot. This is known as the former Washington School property. If you think about it, this lot could be the most amazing single-family home or a five, twin-home lot in Minot and northwest North Dakota. It takes some vision to accomplish any of the possibilities to develop this lot given the uniqueness of this piece of real estate. The owner will participate in the development of the property. We will be happy to have a discussion with a developer to build a plan that works for all parties.
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- Market Information
Property Facts Under Contract
| Price | $895,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | |
| Sale Conditions | Total Lot Size | 2.34 AC | |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land | ||
| Zoning | R3 - Multi-Residential | ||
| Price | $895,000 |
| Sale Type | Investment |
| Sale Conditions | |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 2.34 AC |
| Opportunity Zone |
Yes |
| Zoning | R3 - Multi-Residential |
1 Lot Available
Lot 1
| Price | $895,000 | Lot Size | 2.34 AC |
| Price Per AC | $382,478.63 |
| Price | $895,000 |
| Price Per AC | $382,478.63 |
| Lot Size | 2.34 AC |
This is an excellent site for multi-family development, professional or retail. The lot is in the center of Minot with quick access to everything.
Description
1001 2nd St SE is an elevated lot in a great location at the center of the city. Extensive work has been done to prepare for the redevelopment of the lot. It is zoned for 32 Town Homes in 5 buildings. All utilities are stubbed to each of the five buildings. There has been a couple of hundred thousand dollars invested with approved plans! This property is ready to go vertical!!
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1001 2nd St SE - Washington Square Townhomes
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