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& I35W New Brighton Blvd Minneapolis, MN 55413

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For Sale
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5.32 acres, 100% leased, grandfathered truck parking use.

Lot size:
5.32 Acres

Property Features for & I35W New Brighton Blvd

General Information

Lot size
5.32 Acres

Source: SVN | Northco Real Estate Services LLC Agent Frank Jermusek

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Minneapolis Truck Parking Investment Opportunity

This 5.32-acre property is located in the heart of the Minneapolis Northeast/Quarry area. It is 100% leased to three tenants, which are national and regional trucking/container companies. The property benefits from a grandfathered truck and trailer parking use. City use restrictions provide for leasing potential, as most available truck and trailer parking properties are now located 20 or more miles outside of the city. An approximately 1,650 SF office building is also leased by two of the tenants. Property expenses are passed through to tenants, resulting in minimal owner responsibilities. The property features a mixture of paved and Class 5 surfaces, with tenant areas separated by fencing. The access road is a county road without winter restrictions. Power is provided to the property for lights and truck/trailer plug-ins, at the tenants' expense. Immediate investment upside exists with increasing rents, and potential additional upside may be realized by acquiring adjacent MNDOT land. The property offers visibility and access from Interstate 35W, which has a traffic volume of over 110,000 vehicles per day (MNDot). It is located less than two miles from downtown Minneapolis, on the fringe of the Minneapolis Mid City Industrial neighborhood. The zoning is PR2 - Production and Processing District.
Location Intelligence

Current Use by Public Records

Truck terminals

Suggested Use

Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Minneapolis
County
Anoka
State
Minnesota
Longitude
-93.233957
Latitude
44.999328

FAQs

What type of property is this?
Truck terminal - 5.32 acres, 100% leased, grandfathered truck parking use.
Where is this truck terminal located?
The property is located at & I35W New Brighton Blvd Minneapolis, MN.
What are key features of this property?
This property features: - 5.32 Acres in Minneapolis Northeast/Quarry with Grandfathered Truck & Trailer Parking Use; - 100% Leased with Three (3) National & Regional Trucking/Container Company Tenants; - Immediate Investment Upside with Increasing Rents
More about this property
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