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709 Norman Ave N - Towne Edge Estates Development 130.78 Acres of Commercial Land Offered at $2,800,000 in Foley, MN 56329

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INVESTMENT HIGHLIGHTS

Development is approved with the city

City utilities on west end of property

EXECUTIVE SUMMARY

Easy Access to Hwy 25 & Hwy 23 to St Cloud
• Adjacent to existing city services.
• Parcels of land located in the Foley City Limits, block from downtown business district.
• Adjacent to Foley Public Schools along Norman
Avenue.
• The city of Foley has recently approved zoning for
residential
* We have 2 Residential with Commercial sketches for review. Nothing approved by the City.
and commercial development on these parcels.
Potential for Public Incentives from the City of Foley
and Benton County for Re-Development.
• Sale also includes the Farmstead on 0.63 acres.
* Sellers would consider dividing into 40 acre parcels.
Buyer must take a minimum 40 acres for purchase.

Town Edge Brochure

PROPERTY FACTS

Price	$2,800,000	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Commercial Retail Mixed Use Multifamily Apartment Units Apartment Units - Condo Apartment Units - Senior Apartment Units - Subsidized Master Planned Community Single Family Development Single Family Residence
No. Lots	1	Total Lot Size	130.78 AC
Property Type	Land

Price	$2,800,000
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Retail Mixed Use Multifamily Apartment Units Apartment Units - Condo Apartment Units - Senior Apartment Units - Subsidized Master Planned Community Single Family Development Single Family Residence
Total Lot Size	130.78 AC

1 LOT AVAILABLE

Lot

Price	$2,800,000	Lot Size	130.78 AC
Price Per AC	$21,410.00

Price	$2,800,000
Price Per AC	$21,410.00
Lot Size	130.78 AC

Just over 130 acres of prime development land in the Foley City limits across the street from the High School. Major N/S highway on the west side of the property. Norman Ave with utilities. Great drainage. Blocks from Main St Foley.

DESCRIPTION

Fantastic prime development land in Foley, Mn. Just outside St Cloud by 20 minutes and straight north of Becker, Mn by 23 minutes. The parcels are in the Foley City limits just a few blocks away from the Central Business District and across from the Public Schools. The City has preliminary zoning concepts for a variety of residential options. Single Family homes, Twin homes, Condos and High Density Multi-apartment buildings are needed. Even commercial retail on the first floor of the Multi-Family buildings would be a plus. Utilities are along Norman Ave ready for the development. Funds are available for an approved project by the city.