1024 Washington Ave S - Bridgewater Lofts
1,900 SF Retail Condo Unit Offered at $499,900 in Minneapolis, MN 55415





PROPERTY FACTS
Price | $499,900 |
Unit Size | 1,900 SF |
No. Units | 1 |
Total Building Size | 592,974 SF |
Property Type | Multifamily (Condo) |
Property Subtype | Apartment |
Sale Type | Investment or Owner User |
Building Class | A |
Floors | 10 |
Typical Floor Size | 57,987 SF |
Year Built | 2007 |
Lot Size | 2.02 AC |
Parking Ratio | 0.33/1,000 SF |
1 UNIT AVAILABLE
Unit Retail Condo
Unit Size | 1,900 SF |
Price | $499,900 |
Price Per SF | $263.11 |
Condo Use | Retail |
Sale Type | Investment or Owner User |
Cap Rate | 5.85% |
NOI | $29,250 |
No. Parking Spaces | 2 |
DESCRIPTION
Listing includes two parking spots noted, two additional spots available for $40k each - 26-029-24-12-0574 and 26-029-24-12-0575. Street access from 10th Avenue, ample street parking.
SALE NOTES
Chiro tenant currently paying $13,650 NNN for 624 SF, lease expires 11/25 but could terminate sooner. Salon tenant pays $15,600 NNN for 976 SF in year 1 of 5 year lease with 5% annual increases.
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
---|---|---|---|
1+1 | 300 | - | - |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Fitness Center
- Pool
- Property Manager on Site
- Spa
- Elevator
- Multi Use Room
- Sundeck
- Smoke Detector
ZONING
Zoning Code | C3A |