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1001 2nd St SE - Washington Square Townhomes

2.34 Acres of Residential Land Offered at $895,000 in Minot, ND 58701

Investment Highlights

  • Zoned for 32 Town Home lots.
  • All utilities to site.
  • Prime location in Minot.

Executive Summary

1001 2nd St SE is zoned R3. The lot has been planned for 32 Town Homes in 5 buildings. All utilities are stubbed to each of the five buildings. There have been a couple of hundred thousand dollars invested with approved plans! This property is ready to go vertical!! This property is in a prime location in the city of Minot. This is known as the former Washington School property. If you think about it, this lot could be the most amazing single-family home or a five, twin-home lot in Minot and northwest North Dakota. It takes some vision to accomplish any of the possibilities to develop this lot given the uniqueness of this piece of real estate. The owner will participate in the development of the property. We will be happy to have a discussion with a developer to build a plan that works for all parties.

Data Room Click Here to Access

Property Facts

Price $895,000
Sale Type Investment
Sale Conditions
1031 Exchange
  • Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 2.34 AC
Opportunity Zone Yes

1 Lot Available

Lot 1

Price $895,000
Price Per AC $382,479
Lot Size 2.34 AC

This is an excellent site for multi-family development, professional or retail. The lot is in the center of Minot with quick access to everything.

Description

1001 2nd St SE is an elevated lot in a great location at the center of the city. Extensive work has been done to prepare for the redevelopment of the lot. It is zoned for 32 Town Homes in 5 buildings. All utilities are stubbed to each of the five buildings. There has been a couple of hundred thousand dollars invested with approved plans! This property is ready to go vertical!!

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
MI-24C73-000-001-0
Land Assessment
$229,500
Improvements Assessment
$0
Total Assessment
$229,500

zoning

Zoning Code R3 (Multi-Residential)
R3 (Multi-Residential)
  • Listing ID: 23050185

  • Date on Market: 5/13/2021

  • Last Updated:

  • Address: 1001 2nd St SE, Minot, ND 58701

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