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2716 Upper Afton Rd 8,628 SF Vacant Office Building Maplewood, MN 55119 $1,450,000 ($168.06/SF) 8.16% Cap Rate
Investment Highlights
- Positioned at a signalized intersection with strong visibility along Upper Afton Rd & Century Ave
- Zoned Business Commercial, allowing for a variety of office or service uses
- Excellent regional access with close proximity to I-94 and Hwy 120
- Medical/professional office property configured as a second-generation clinical space
Executive Summary
Positioned at the signalized corner of Upper Afton Road and Century Avenue with direct access to I-94 and Hwy 120, this property sits at the center of a densely populated trade area with 44,000+ residents and a median household income of $81,865. Whether you're an investor looking to reposition below-market rents or a medical operator ready to plug into a fully built-out clinical space — this is a rare opportunity in a market with limited comparable supply.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
8,628 SF
Building Class
C
Year Built
1963
Price
$1,450,000
Price Per SF
$168.06
Cap Rate
8.16%
NOI
$118,392
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
8,628 SF
Building FAR
0.25
Lot Size
0.80 AC
Zoning
Business Commercial - Business Commercial
Parking
52 Spaces (6.03 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
- Partitioned Offices
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Fairly walkable
40/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 01-28-22-41-0012 | Improvements Assessment | $370,000 |
| Land Assessment | $180,700 | Total Assessment | $550,700 |
Property Taxes
Parcel Number
01-28-22-41-0012
Land Assessment
$180,700
Improvements Assessment
$370,000
Total Assessment
$550,700
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Contact the Sale Advisor
2716 Upper Afton Rd