498 7Th Ave Newport, MN 55055
- Land
- 3.57 lot acres
Current Use by Public Records
- Land
Property Details for 498 7Th Ave
- Lot size
- 3.57 lot acres
- Property type
- Land
Description
This exceptional 3.57-acre commercial land parcel presents a compelling development opportunity in Newport, Minnesota. Located in a thriving east metro area, this property boasts a highly desirable B2 zoning, permitting light industrial uses. Completed environmental work streamlines the development process, while the city's pro-growth environment fosters a supportive atmosphere for new ventures. Ideal for projects such as mini-storage facilities (auto repair and body shops excluded per zoning). The site enjoys excellent visibility from the highway and convenient access to major transportation arteries, including I-494, Minneapolis-St. Paul International Airport, St. Paul Airport, and the Mall of America. The property's strategic location near Glen Road and Highway 61 ensures seamless connectivity and accessibility. The asking price is $970,220. This offering comprises four parcels totaling approximately 155,239 square feet (3.57 acres) with individual parcel sizes of 20,644 SF, 44,828 SF, 38,367 SF, and 51,400 SF. This is a rare chance to acquire a significant land holding in a rapidly growing market. Don't miss this chance to capitalize on this prime development opportunity.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Newport
- County
- Washington
- State
- Minnesota
- Longitude
- -92.9996
- Latitude
- 44.8605
