1764 Broadway S Ave, Rochester, MN 55904-7928

This 8,036 square foot retail building, formerly an Advance Auto Parts, is situated on a 0.93-acre lot at 1764 Broadway Ave S in Rochester, MN 55904. Built in 2005, the single-story building boasts excellent visibility and ample parking, situated on a major north-south corridor. The property benefits from a new roof membrane (installed 2019) and enjoys a high-traffic location, just two blocks from the planned 60-acre Graham Park redevelopment project. Currently vacant, the property offers a strong investment opportunity due to its location in Rochester, Minnesota's third-largest city, home to the Mayo Clinic. Rochester's robust economy, fueled by the Mayo Clinic, boasts an average household income exceeding $100,000 and a low vacancy rate (2.3% overall, 1.8% for general retail). While the previous tenant, Advance Auto Parts, will vacate March 31, 2025, rent payments are guaranteed until that date. The nearly one-acre lot presents significant redevelopment potential for various tenants, given the low construction activity and strong market demand. This property offers a unique blend of immediate income and long-term redevelopment possibilities in a thriving market.