5500 Broadway Crystal, MN 55428

This 6,650 square foot, single-story building in Crystal, Minnesota, presents a unique investment opportunity. Located on a high-traffic corner of West Broadway Avenue and 55th Avenue North, this former Goodyear Tire shop offers excellent visibility and easy highway access. Currently vacant, the property boasts a large retail storefront, two offices, a workshop with seven bays and overhead doors, ample storage space, and three bathrooms. The building sits on a 0.75-acre lot and includes sixteen parking spaces in the front, with additional rear parking. Plans for 86 apartment units have already received city approval, presenting a significant redevelopment potential. The property is zoned TC Town Center Core District and is situated within an Opportunity Zone, offering potential tax incentives. The building's features include a large retail storefront, two offices, a workshop with seven bays and overhead doors, and ample storage. Built in 1981, this Class C property is listed at $1,225,000 ($184.21/sq ft). This is an ideal opportunity for owner-users or developers seeking a prime location with significant upside potential. The property's location offers strong traffic counts and great visibility, making it an attractive option for a variety of uses. The approved apartment unit plan adds significant value and potential for future income. The ample parking and convenient access to major roadways further enhance its appeal.