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1024 Washington Ave S - Bridgewater Lofts 1,900 SF Retail Condo Unit Offered at $450,000 in Minneapolis, MN 55415
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.
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| 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
Site Amenities
- Fitness Center
- Pool
- Property Manager on Site
- Spa
- Elevator
- Multi Use Room
- Sundeck
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 300 | - | - |
Exceptionally walkable
90/100
Moderately drivable
70/100
Exceptional public transit
90/100
Exceptionally bikeable
90/100
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1024 Washington Ave S - Bridgewater Lofts
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