2905 Oakland Ave, Austin, MN 55912-1244
This single-tenant flex space, formerly a Chrysler dealership, offers 33,664 square feet of versatile space in Austin, Minnesota. Situated on a 3.7-acre lot at 2905 W Oakland Ave, 55912, this property enjoys convenient access to I-90. Built in 1968 and renovated in 1999, the building features a 16-foot ceiling height, two loading docks, eight drive-ins, and 136 total parking spaces. The robust power supply includes 800 amps, 480V, 3-phase power, making it suitable for a variety of uses. The B-2 zoning allows for retail, commercial, and light manufacturing activities. This Class C building presents a unique opportunity, given the limited availability of comparable properties in the market. Its price point is significantly below replacement cost, promising a strong return on investment for the right buyer. The property's size and features make it an attractive option for businesses seeking a substantial and well-equipped space in a strategic location. The single-story building offers efficient layout and easy accessibility.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
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