Available For Sale - Land

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AVAILABILITY DETAILS

Size
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Price/SF
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Listing ID
SA377294
Notes
High visibility land opportunity for a developer, investment development or owner-occupant.

2.68 acre parcel currently zoned R-6 High-Density Residential (multi-family). City guidance is toward Commercial development that will allow for a wide variety of usage.



Corner orientation with west-facing frontage on Cedar Avenue & north-facing frontage along 26th Street. Rapid growth and commercial development currently taking place directly north of subject property on Cedar Ave. Includes retail, office & service. Additionally, the site is surround by a variety of residential areas for increased visibility and potential for a variety of development possibilities for the site.



Located on SE corner of Cedar Avenue & 26th Street. Currently 4-way stop with eventual plans to create controlled intersection. On and off ramp from I-35 directly to 26th Street. Located approximately 1-mile from freeway to site. Estimated 7,000 Vehicles Per Day (VPD) on 26th Street side and 4,500 VPD along Cedar Avenue.



Variety of possible development uses and ample amenities and businesses nearby to support your development. Ideal site for multi-family, retail, service, office, flex or residential. City of Owatonna open for many use possibilities.
Uses
Land

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Jonathan Forkner, Burnsville - Southern Twin Cities
BRE# 40231899