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1102 1st St NE
New Prague, MN 56071
FORMER PIZZA RANCH · Retail Property For Sale
Investment Highlights
- Turnkey Restaurant Opportunity – Renovated in 2011, this property provides a lucrative opportunity for both existing restaurants looking to expand
- Quaint Affluent Suburb – New Prague is only ±15 miles from the Twin Cities. There are ±13,000+ residents within 5 miles
- “Main and Main” – 10th Ave SE and Maine St E is the strong retail intersection in New Prague, MN that features Walgreens, Hy-Vee, Holiday, O’Reilly,
- Value-Add Component – Priced below expected replacement cost, the deal offers investors the opportunity to acquire at a low basis.
Property Facts
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,159 SF
Building Class
B
Year Built
1996
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.97 AC
Parking
50 Spaces (12.02 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 24-057-006-1 | Improvements Assessment | $484,500 |
| Land Assessment | $151,600 | Total Assessment | $636,100 |
Property Taxes
Parcel Number
24-057-006-1
Land Assessment
$151,600
Improvements Assessment
$484,500
Total Assessment
$636,100
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