Multi-Family Development Land For Sale

2015 3rd Street Southwest, Rochester, MN 55902

Accepting Offers
Multi-Family Development Land For SaleMulti-Family Development Land For SaleMulti-Family Development Land For SaleMulti-Family Development Land For Sale
Asking Price

$1,300,000

Multi-Family Development Land For Sale

2015 3rd Street Southwest, Rochester, MN 55902

Asset Type: Real Estate

Estate: Fee Simple

Number of Floors: 5

Property Type: Land

Land Area: 0.46 Acres

Number of Units: 52

Investment Highlights

  • Preliminary Approved for 52-unit multifamily development
  • Zoned MXT-COR
  • Suited for apartment development
  • Strong long-term income potential
  • 8 Blocks from Mayo Clinic's Saint Mary's Campus
  • 1 Block from the future link transit station

Multi-Family Development Land For Sale

This .46 acre multifamily development site is preliminary approved for 52 units studio and one-bedroom apartments. The site size and unit count support an efficient apartment project without overcomplicating design or execution. The preliminary approved building plans were designed within the MX-T Corridor zoning standards allowing for a favorable Type "S*" approval under the City of Rochester's Unified Development Code (UDC). This offering is well suited for investors seeking a clear, build-ready opportunity with long-term income potential.

Sale FAQs

Investment Sales Broker

AJ Hawkins

AJ Hawkins

North Rock Real Estate

MN License: 40439870

Phone: XXXXXXXXXX

Email: XXXXXXXXXXXXXXXXXX

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