50th And Valleyhigh Dr Rochester, MN 55901
- Land
- 30.00 lot acres
Current Use by Public Records
- Land
Property Details for 50th And Valleyhigh Dr
- Lot size
- 30.00 lot acres
- Property type
- Land
Description
This exceptional 30-acre commercial land parcel presents a prime investment opportunity in Rochester, Minnesota's thriving real estate market. Located at the intersection of 50th Avenue NW and Valleyhigh Dr, this property is part of the larger 80-acre Prairie Ridge master-planned development, encompassing approximately 1,000 entitled housing units. Currently zoned R-2 and R-3, this site offers significant development potential for multifamily projects, including apartments and townhomes. Approved concept plans envision a mix of four-story multifamily buildings and build-to-rent townhomes, with the flexibility to adapt to a developer's specific vision, potentially accommodating 900+ units. The property benefits from an existing Environmental Assessment Worksheet (EAW) and is utility-connected, streamlining the development process. Mass grading is slated to begin in Fall 2024, with vertical construction anticipated to commence in early Summer 2025 on a for-sale project within the development. The site's strategic location offers proximity to amenities and transportation, further enhancing its appeal. This opportunity is particularly attractive given the strong rental market and growth outlook fueled by the ongoing $5 billion expansion of the Mayo Clinic, less than five miles away. The limited supply of entitled and utility-connected land in the area underscores the rarity and value of this exceptional offering. This is a chance to capitalize on Rochester's robust growth trajectory and contribute to the vibrant Prairie Ridge community.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rochester
- County
- Olmsted
- State
- Minnesota
- Longitude
- -92.5391
- Latitude
- 44.0578
