6319 Penn Ave Minneapolis, MN 55423

This exceptional retail property, located at 6319 Penn Ave S in Minneapolis, Minnesota, presents a compelling investment opportunity. The 1,600 square foot building, constructed in 1957, sits on a 0.12-acre lot and is zoned MU-C (Mixed Use-Community), offering flexibility for a variety of retail uses. Currently configured as a convenience store and pharmacy, the property boasts eight on-site parking spaces (four in the front and four in the back), ensuring ample customer parking. The asking price is $500,000, translating to $312.50 per square foot. Its prime location on Penn Ave S provides excellent visibility and accessibility, with convenient proximity to major transportation routes including I-494 and Highway 62. The property's strong location within a thriving community, coupled with the potential for redevelopment due to an adjacent vacant city-owned lot, makes this an attractive investment for both established businesses and new ventures. The building's existing infrastructure provides a solid foundation for immediate occupancy or future renovations, catering to a wide range of retail concepts. This is a rare opportunity to acquire a well-situated retail property in a dynamic Minneapolis neighborhood. The property's Class C designation reflects its age and potential for future upgrades. The multi-tenancy aspect allows for flexibility in lease arrangements.