6501 S Penn Ave
Richfield, MN 55423
Retail Property For Sale

For Sale Service Retail - Mixed Use Redevelopment 6501 Penn Avenue S is located in the heart of Richfield's Penn Avenue corridor at 65th Street and Penn Avenue. This .57 acre site presents an opportunity for redevelopment or a continued use of the existing building. The site offers exceptional visibility with high traffic counts, strong area demographics, transit route connectivity and close proximity to Southdale Center. The existing building can accommodate a wide range of retail and service businesses. Highlights & Features: Flexible Zoning: MU-C/PAC-Mixed Use Community with Penn Avenue Corridor Overlay District Guided for Redevelopment Opportunities: mixed use, multi-family residential, retail/office PID: 28-028-24-23-0023 Quick access to Highway 62 and I-35W Easy ingress and egress Corner lot Available: Land: .57 acres Building Size (estimate): 6,400 sf 1,900 sf ground level retail/showroom 1,900 sf lower level storage 2,600 sf shop/garage bay 2017 Taxes: $16,196.76 Sale Price: $625,000 Demographics & Traffic Counts: 2016 Estimated Population: 1 mile - 11,880, 3 miles - 106,442, 5 miles - 280,625 2016 Average Household Income: 1 mile - $62,982, 3 miles - $76,773, 5 miles - $71,105 Penn Avenue - 16,700 vpd and 66th Street - 23,900 vpd