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1024 Washington Ave S - Bridgewater Lofts 1,900 SF Retail Condo Unit Offered at $450,000 in Minneapolis, MN 55415
Property Facts
| Total Building Size | 592,974 SF | Typical Floor Size | 57,987 SF |
| Property Type | Multifamily (Condo) | Year Built | 2007 |
| Property Subtype | Apartment | Lot Size | 2.02 AC |
| Building Class | A | Parking Ratio | 0.33/1,000 SF |
| Floors | 10 | ||
| Zoning | C3A | ||
| Total Building Size | 592,974 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | A |
| Floors | 10 |
| Typical Floor Size | 57,987 SF |
| Year Built | 2007 |
| Lot Size | 2.02 AC |
| Parking Ratio | 0.33/1,000 SF |
| Zoning | C3A |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Wheelchair Accessible (Rooms)
Site Amenities
- Fitness Center
- Pool
- Property Manager on Site
- Spa
- Elevator
- Multi Use Room
- Sundeck
- Smoke Detector
1 Unit Available
Unit Retail Condo
| Unit Size | 1,900 SF | Sale Type | Investment or Owner User |
| Price | $450,000 | Cap Rate | 6.50% |
| Price Per SF | $236.84 | NOI | $29,250 |
| Condo Use | Retail | No. Parking Spaces | 2 |
| Unit Size | 1,900 SF |
| Price | $450,000 |
| Price Per SF | $236.84 |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.50% |
| NOI | $29,250 |
| No. Parking Spaces | 2 |
Description
Listing includes two parking spots noted, two additional spots available for $40k each - 26-029-24-12-0574 and 26-029-24-12-0575. Street access from 10th Avenue, ample street parking.
Sale Notes
Immediate occupancy opportunity in former chiro tenant suite sized at 624 SF. Salon tenant pays $15,600 NNN for 976 SF in year 1 of 5 year lease with 5% annual increases. Owner would also consider leasing just the 624 SF space, currently rented to the chiropractor tenant, and continuing to own the property.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 300 | - | - |
Walk Score®
Very Walkable (89)
Transit Score®
Excellent Transit (84)
Bike Score®
Biker's Paradise (96)
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1024 Washington Ave S - Bridgewater Lofts
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