Technical
Financial
Distress signals
Property profile

0 Newton Ave Watertown, MN 55388

OFF-MARKET
Land
6.78 ac lot
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Property summary

AI-generated overview

This exceptional 6.78-acre property in Watertown, Minnesota, presents a unique opportunity for residential development or continued use as a farm or ranch. Located on Newton Ave SE, in Carver County, the land is zoned SF and boasts a prime location with convenient access to local amenities. The property is nearly ready for development, with preliminary plat approval for a four-lot subdivision already underway. While a four-lot division is a straightforward option, alternative configurations are possible. This allows for flexibility in design and development plans to suit individual needs and preferences. The seller is open to considering all reasonable offers. A virtual showing is available upon request, providing a convenient way to explore this promising investment. The property's existing infrastructure and advanced planning stages significantly reduce the time and effort required for development, making it an attractive option for builders and investors alike. The 55388 zip code offers a desirable location within Watertown. Don't miss this chance to acquire a ready-to-develop parcel in a thriving community. Contact us today for more details and to schedule a viewing.

Property profile

Verified
Property type Land
Lot 6.78 ac (295,337 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Newton Ave Watertown, MN 55388
Watertown metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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