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$ 648,000
Est. payment | /mo
19 Acres Lot
$ 648,000
Est. payment | /mo
19 Acres Lot
Key Details
Property Type Multi-Family, Vacant Land
Sub Type Multi-Family Residentl(L)
Listing Status Active
Purchase Type For Sale
MLS Listing ID 267041722
Annual Tax Amount $1,000
Lot Size 19.000 Acres
Acres 19.0
Lot Dimensions 19
Property Sub-Type Multi-Family Residentl(L)
Property Description
Building 2 with 54 units, 12,000 SF and 81 allocated parking stalls. Pad is certified and balanced, streets, stormwater and utilities complete. All hook up fees have been paid. Zoned Office Residential within a 19-acre apartment parcel platted for 10 buildings and up to 610 units, so you can start with one building and grow with the neighborhood. Aveyda Preserve is Mankato's newest master-planned community and its 19-acre apartment parcel is now fully construction-ready. Zoned Office Residential and platted for 10 buildings with capacity for 610 units, the site gives a developer a rare combination: scale to phase a multi-year program, and infrastructure that is already finished. Streets, stormwater ponds, sanitary and water are in, every pad is certified and balanced within one foot, and hook-up fees are paid. Your cost from here is essentially vertical construction. The parcel sits on Mankato's high-growth east side, within a mile of major retail, 2.7 miles from Mayo Clinic Health System's regional hospital and clinics, and 3.4 miles from Minnesota State University, Mankato. Across the street, Aveyda Preserve's 122 villas, twin homes and single-family homes plus a planned convenience store and mixed-use retail corner mean your renters move into a finished neighborhood, not a construction zone. Sites are available individually by building or as a full-parcel assemblage. Ideal for market-rate, luxury, or senior housing. Build to a finished product with a land basis that's a fraction of typical all-in cost.
Location
State MN
County Blue Earth County
Area Mankato Hilltop
Exterior
Utilities Available Broadband, Cable TV, City Water, City Sewer, Electric, Natural Gas, Storm Sewer, Telephone, City Garbage
Topography Level
Improvements Curbs/Gutters,Paved,Private
Building
Lot Description Paved Streets, Telephone, Underground Utilities
Schools
School District Mankato #77
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Parkway Real Estate
Nearby Locations
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Steph Thrun
Agent