132 1St Ave, Motley, MN 56466

This exceptional value-add investment opportunity presents a unique chance to acquire a substantial mixed-use property in Motley, Minnesota. The property encompasses 86,503 square feet across three buildings situated on an eight-acre lot. Built in phases between 1967 and 1986, with significant renovations completed between 1993 and 2019, the property offers a diverse range of potential uses, including medical, storage, hospitality, event space, housing, light industrial, healthcare, and entertainment. Currently vacant, this 40-unit complex presents a blank canvas for a savvy investor. The property boasts a total of 86,503 square feet of air rights, and the permitted zoning is mixed-use, allowing for considerable flexibility in redevelopment or repurposing. The property includes six gas pumps, adding further potential revenue streams. Noteworthy is the absence of property taxes until 2025, representing a significant financial advantage for the new owner. This is a rare opportunity to acquire a large-scale property in a growing area at an attractive price per square foot of $6.94. The property's history of consistent upgrades and its substantial size make it an ideal candidate for a variety of development projects. The location at 132 1st Ave S, Motley, MN 56466, offers excellent potential for future growth and profitability.