5337-5345 France Ave S - Apartments FOR SALE


Minneapolis, MN 55410
$1,399,900 USD
952-944-9674
5337-5345 France Ave S, Minneapolis, MN for Sale
$1,399,900 USD
Apartments - FOR SALE
1/2
null | Request Cap Rate

5337-5345 France Ave S
Minneapolis, MN 55410


HIGHLIGHTS

  • High-demand location
  • Flexible zoning advantages
  • Significant frontage and depth
  • Potential for a lucrative ROI

OVERVIEW

Introducing a rare and unparalleled investment opportunity in the heart of Minneapolis. This offering includes 3 contiguous lots with a generous 120' of frontage and 126' of depth on 5337 France Avenue S and 5345 France Avenue S. Currently hosting existing homes, these lots are primed and ready for transformative development. Strategically located in the UN3 Urban Neighborhood District, the BFC3 Corridor 3 Built Form Overlay District, and the SH Shoreland Overlay District, the properties offer a unique blend of development flexibility and regulatory advantages. Be inspired by the beautiful preliminary rendering of a 43-unit complex that perfectly captures the essence of modern urban living. With a maximum height of 4 stories permissible. Attract a diverse range of tenants, from young professionals seeking a vibrant lifestyle to empty nesters looking for urban convenience. The lots’ location are strategic for a multi-family development, ensuring future residents will revel in easy access to essential amenities while enjoying the tranquility of a well-established neighborhood. The nearby Lake Harriet invites outdoor enthusiasts to explore its scenic trails, sail its calm waters, or simply soak in the serene vistas. The bustling 50th and France avenue business district is just a stroll away, offering an assortment of dining, shopping, and entertainment options. Additionally, the location boasts excellent connectivity with various public transportation options, simplifying the commute to Southdale Fairview Hospital, downtown Minneapolis and beyond. AGENT BROKERS AND BUYERS TO VERIFY ALL INFORMATION AND MEASUREMENTS.

FOR SALE DETAILS

PRICE

$1,399,900 USD

PRICE/SF

$55 USD /SF

# OF UNITS

43

PRICE/UNIT

$32,556

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

BFC3

APN/PARCEL ID

17-028-24-33-0134,17-028-24-33-0135

ASK ABOUT THIS PROPERTY

Nemat JanetkhanRE/MAX Advantage PlusMore Info
952-944-9674

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Nemat JanetkhanRE/MAX Advantage PlusMore Info
952-944-9674

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.