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202 S 2nd Ave
Virginia, MN 55792

$1,259,914 USD

Office For Sale  •  3,000 SF

Property Details

  • Property Type Office
  • Total Building Size 3,000 SF
  • Lot Size 0.21 AC
  • Building Class B
  • Year Built 1936
  • Cap Rate 10.50 %
  • Tenancy Single
  • Zoning COMM
40 Walk Score

Highlights

Attractive Entry-Level Price Point Paired with a High Capitalization Rate: Offers investors an accessible purchase opportunity with strong initial yie
Prominent Hard-Corner Location: Strategically positioned at a signalized intersection, enhancing visibility, accessibility, and daily drive-by exposur
Proximity to Government and Financial Services: Located less than half a mile from a U.S. Bank branch and a St. Louis County Government Services Cente
Close to Key Educational Institution: Just ±0.6 miles from North Star Elementary School, contributing to steady neighborhood foot traffic and supporti
Tenant recently renewed a five-year option: Tenant has demonstrated commitment to the site through recently renewing a five-year option that commences
Cap Rate: 10.50 %

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 10
Type: Surface
Included in Rent: Yes
Vincent Tanzi 866-889-0550 Matthews Real Estate Investment Services
Vincent Tanzi 866-889-0550 Matthews Real Estate Investment Services