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Prime investment opportunity: fully leased 6-unit strip mall in Maplewood. This thriving community is undergoing significant development, including three new multi-family buildings with over 150 units, promising increased foot traffic and business growth. The strip mall boasts a 7% cap rate offering excellent returns with 100% occupancy and no vacancies. A long-standing laundromat, a local staple since the 1960's, ensures tenant stability and consistent patronage. This property guarantees immediate rental income from its fully leased units. Located in a bustling area with growing infrastructure, the strip mall is set to benefit from the influx of new residents and shoppers. The property includes a rare onsite well, eliminating city water bills and reducing costs to just outgoing sewer expenses. This investment promises long-term growth and solid return, making it a perfect addition to your portfolio. Don't miss out on this fantastic opportunity in Maplewood.PROPERTY FEATURES
PROPERTY DETAILS
Street Address: 1321 Frost
City: Maplewood
State: Minnesota
Postal Code: 55109
County: Ramsey
MLS Number: 6543277
Courtesy of Keller Williams Premier Realty
City: Maplewood
State: Minnesota
Postal Code: 55109
County: Ramsey
MLS Number: 6543277
Courtesy of Keller Williams Premier Realty
Courtesy of Keller Williams Premier Realty
