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1817 Broadway Avenue S

Rochester, MN 55904
  • $1,450,000
  • STATUS: Active
  • ON SITE: 331 Days
  • ID#: 6015512
UPDATED: 103 min ago
$1,450,000
  • 0
    BEDS
  • 0.34
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,324
    SQFT
  • $335
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1944
County:

School Ratings & Info

School District:
Listing courtesy of Dwell Realty Group Llc.

Description

Presenting a 2-story 19-unit motel with over 4,700 sq ft of building on 1 acre right on Broadway. This location is highly visible with over $24,000 cars a day on South Broadway. This location has an amazing opportunity for value add with increased advertising and active management. This location is also prime for redevelopmentwith location being the prime target for any kind of commercial business. Please see the attached property highlights and offering memorandum for more information and pro forma data.

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IDX data © 2022 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than The Odd Couple Team are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. The Odd Couple Team is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of The Odd Couple Team, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed. By viewing the listings on this site, you are agreeing to abide by the RMLS End-User License Agreement. Data last updated 2022-05-23T00:23:54.11.

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1817 Broadway Avenue S Rochester, MN 55904

  • Price: $1,450,000
  • Status: Active
  • On Site: 331 Days
  • Updated: 103 min ago
  • ID#: 6015512
0
Beds
0
Baths
0
½ Baths
0.34
Acres
4,324
SQFT
$335
$/SQFT
1944
Built
Neighborhood:
Golden Hill Add
County:
Olmsted
School District:
535 - Rochester
Property Description
Presenting a 2-story 19-unit motel with over 4,700 sq ft of building on 1 acre right on Broadway. This location is highly visible with over $24,000 cars a day on South Broadway. This location has an amazing opportunity for value add with increased advertising and active management. This location is also prime for redevelopmentwith location being the prime target for any kind of commercial business. Please see the attached property highlights and offering memorandum for more information and pro forma data.
Exterior Features

Construction Materials Wood Siding Construction Materials Desc Block Foundation Area 3400 Foundation Dimensions 186X20 Garage Dimensions 0 Garage Door Height 0 Garage Door Width 0 Garage Square Feet 0 Levels Two Lot Features Public Transit (W/In 6 Blks)Tree Coverage - Light Lot Size Dimensions 533 Parking Features Asphalt Parking Open 19 Road Frontage Type City Street Roof Asphalt Waterfront YN No

Interior Features

Amenities Unit DeckPatioCity ViewCable Appliances MicrowaveRefrigerator Basement Crawl Space Cooling Wall Unit(S) Heating Boiler Refrigerator Num Six Or More

Property Features

Accessibility Features No Stairs Internal Additional Parcels YN No Assessment Pending No Contingency None Current Use Hotel/Motel Electric Expense 5500 Expenses 126256.00 Foreclosure Status No Fuel Natural Gas Fuel Expense 4500 Gross Income 214620 Inclusions BusinessFixture/EquipmentBuilding Insurance Expense 6325 Internet Options Cable Land Lease Amount 0 Lender Owned No Maintenance Expense 8000 Manager Expense 52000 Net Operating Income 214620 Operating Expense 126256 Other Expense 8000 Owner Pays TaxesInsuranceWaterElectricityFuelRepairsJanitorial ServiceTrash CollectionCable TvGrounds CareSnow Removal Postal City Rochester Potential Short Sale No Property Sub Type Business Rental License YN No Road Responsibility Public Maintained Road Sewer City Sewer/Connected Tax Annual Amount 13356 Tax With Assessments 13356.00 Tax Year 2020 Tenant Pays None Trash Expense 2220 Unit Type Efficiencies1 Bedroom2 Bedroom3 BedroomOne RoomTwo RoomThree RoomFour RoomFive RoomSix RoomSeven Room Utilities Heating CommonElectric CommonHot Water Common Water Sewer Expense 4000 Water Source City Water/Connected Zoning Description Business/Commercial

© 2022 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
Listing courtesy of Dwell Realty Group Llc. This home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.


IDX data © 2022 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than The Odd Couple Team are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. The Odd Couple Team is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of The Odd Couple Team, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed. By viewing the listings on this site, you are agreeing to abide by the RMLS End-User License Agreement. Data last updated 2022-05-23T00:23:54.11.

Click here for Digital Millennium Copyright Act
 
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The Odd Couple Team
1460 Grand Ave.
St. Paul MN, 55105
Listing courtesy of Dwell Realty Group Llc.