400 Johnson Avenue - Waseca Multi-family Lot
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400 Johnson Avenue - Waseca Multi-family Lot
0.92 Acres of Residential Land Offered at $91,994 CAD in Waseca, MN 56093
Investment Highlights
- Multifamily Opportunity
- Near four-lane Highway
- Across University Park
- Local government Support
Executive Summary
This .92-acre site located across University Park in the city of Waseca presents an excellent opportunity for addressing the community's need for more apartments. With the current shortage of housing units, this vacant land could be a valuable asset to alleviate the housing demand in the area.
The site's proximity to University Park is an added advantage, as it provides residents with easy access to recreational spaces and green areas. Living near a park can enhance the overall quality of life for potential tenants, providing opportunities for leisure activities and outdoor gatherings.
Additionally, Waseca's location near a four-lane highway offers convenient transportation options for residents. This makes commuting to nearby cities like Mankato and Owatonna relatively easy and efficient. It's ideal for individuals who work or study in these neighboring areas but prefer to live in a quieter community like Waseca.
The development of apartments on this site could offer diverse housing options, catering to various demographic groups, including young professionals, families, and retirees. With a thoughtful and well-designed apartment complex, the community's housing shortage could see significant improvement.
The local government would offer the support to rezone for the use of multi-family. The adjacent property is home to Parkview Estates, a 38 unit apartment building.
The site's proximity to University Park is an added advantage, as it provides residents with easy access to recreational spaces and green areas. Living near a park can enhance the overall quality of life for potential tenants, providing opportunities for leisure activities and outdoor gatherings.
Additionally, Waseca's location near a four-lane highway offers convenient transportation options for residents. This makes commuting to nearby cities like Mankato and Owatonna relatively easy and efficient. It's ideal for individuals who work or study in these neighboring areas but prefer to live in a quieter community like Waseca.
The development of apartments on this site could offer diverse housing options, catering to various demographic groups, including young professionals, families, and retirees. With a thoughtful and well-designed apartment complex, the community's housing shortage could see significant improvement.
The local government would offer the support to rezone for the use of multi-family. The adjacent property is home to Parkview Estates, a 38 unit apartment building.
Property Facts
| Price | $91,994 CAD | Property Subtype | Residential |
| Sale Type | Investment | Total Lot Size | 0.92 AC |
| No. Lots | 1 | Cross Streets | 5th St |
| Property Type | Land | Opportunity Zone |
Yes
|
| Price | $91,994 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.92 AC |
| Cross Streets | 5th St |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | $91,994 CAD | Lot Size | 0.92 AC |
| Price Per AC | $99,993 CAD |
| Price | $91,994 CAD |
| Price Per AC | $99,993 CAD |
| Lot Size | 0.92 AC |
.92 Acre site. Ideal for multi-family next to a 38 unit apartment building.
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400 Johnson Avenue - Waseca Multi-family Lot
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