6319 Penn S Ave, Richfield, MN 55423-1140
This exceptional commercial property, located at 6319 Penn Avenue South in Richfield, Minnesota, presents a unique investment opportunity. Boasting a generous 1,600 square feet of space situated on a sizable 0.12-acre lot, this property offers significant potential for a variety of commercial uses. The building's versatile layout allows for customization to suit diverse business needs. Its strategic location on Penn Avenue South provides excellent visibility and accessibility, ensuring high traffic flow and convenient access for customers and employees. Richfield's thriving business community and strong infrastructure further enhance the property's appeal. The asking price of $500,000 represents a compelling value for a property of this size and location in a desirable market. This is an ideal opportunity for entrepreneurs and investors seeking a well-positioned commercial space with significant growth potential. The property's size and location make it suitable for a range of businesses, from retail establishments to professional offices. Serious inquiries are encouraged to explore the possibilities this property offers. Detailed property information and specifications are available upon request. Don't miss this chance to acquire a prime commercial asset in a dynamic and growing area. Act quickly, as opportunities like this are rare.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.