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Neal Anderson, Managing Broker
(612) 865-5955
Counselor Realty, Inc |
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1507 W Oakland Avenue, Austin, MN 55912
STATUS: Active
PROPERTY TYPE: Commercial - Business
SCHOOL: Austin
Property Description
Huge opportunity to acquire a high-visibility commercial property along Oakland Ave in Austin, MN offering multiple paths to value creation. Situated on approximately 0.78 acres with nearly 200 feet of hospitality operators. The site is currently operating as a motel, offering the potential for a buyer to continue the existing hospitality use, reposition the asset, or pursue a future redevelopment of the site. Adding to the uniqueness of the property, a large single-family home sits near the center of the lot featuring 3 bedrooms and 2.5 bathroom, creating additional possibilities for on-site management housing, rental income, owner occupancy, or future redevelopment plans.The property has also benefited from key capital improvements, including a roof and furnace installed within the past five years, offering added value and stability for investors.Zoned B-2 community business, the property allows for a wide variety of commercial uses included retail, service businesses, hospitality, office, and other commercial development. this flexible zoning creates multiple opportunities for investors looking to capitalize on future growth along this corridor. Further strengthening the investment potential, a building directly directly across Oakland Ave is currently being converted into a 22-unit multifamily development, highlighting the ongoing investment and redevelopment take place in the immediate area. Whether the next owner chooses to continue operating the motel, utilize the on-site residence, reposition the property, or redevelop the site entirely, this offering presents a compelling opportunity to control a well-located commercial parcel with strong and long term upside.
Property Features
Property Type: Commercial - Business Cooling: Central Air Fuel Type: Natural Gas Garage: 1 Heating: Forced Air Lot Size: 0.79 Acres Roof Type: Age 8 Years or Less Taxes: $5,911 Year Built: 1950
Feature Descriptions
Appliances: Dryer, Microwave, Refrigerator, Washer, Water Softener Rented
Current Use: Hotel/Motel
Days on Site: 26
Foundation Size: 1
Handicap Accessible: Fully Wheelchair, Accessible for Hearing-Impairment, No Stairs External, Partially Wheelchair
Lot Dimensions: 185.5x185.5
Parcel#: 347050450
Parking: Attached Garage, Parking Lot, Paved Lot
Sale Includes: Building, Business, Fixture/Equipment, Inventory, Land
Sewer: City Sewer/Connected
Units: 31
Utilities: Electric Common
Water: City Water/Connected
Listed By / Shown By
Agency Name: Re/Max Results
Agency Phone: 507-288-1111
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1507 W Oakland Avenue | MLS# 7042016
This commercial property located at 1507 W Oakland Avenue, Austin, MN 55912 is currently listed for sale with an asking price of $699,990. W Oakland Avenue is located within the Austin school district. Search Austin real estate on nanderson.counselorrealty.com today.