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    OFF-MARKET
    Retail properties & Spaces

    130 Lewis Ave, Watertown, MN 55388

    1,584 SF 0.09 ac lot Built 1970
    Property ID
    Property summary
    AI-generated overview

    This exceptional retail property at 130 Lewis Avenue South in Watertown, Minnesota presents a fantastic investment opportunity. Boasting a total of 1,584 square feet on a 0.09-acre lot, this centrally located storefront has undergone extensive recent renovations. The main floor offers a versatile layout, seamlessly blending 1,395 square feet of retail and office space at the front with a 855 square foot workshop area at the rear, complete with a convenient loading dock. The substantial updates include a completely new front facade, a durable metal roof, and upgraded attic insulation for enhanced energy efficiency. New front and back doors, a basement moisture barrier, a modern AC unit, and two updated electrical panels ensure optimal functionality and comfort. A new hot water heater completes the extensive list of improvements. The significant investment in these upgrades minimizes future maintenance concerns. Beyond the main floor, a massive 2,250 square foot warehouse space in the basement provides unparalleled storage capacity, ideal for inventory or equipment. This turnkey property is ready for immediate occupancy and poised to thrive in Watertown's vibrant downtown area. The heavy lifting is done

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1970
    Total area 1,584 SF
    Lot 0.09 ac (3,920 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
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