|Price/Rent PSF||$ 499,900.00|
Located on SE corner of Cedar Avenue & 26th Street. Currently 4-way stop with eventual plans to create controlled intersection. On and off ramp from I-35 directly to 26th Street. Located approximately 1-mile from freeway to site.
High visibility land opportunity for an owner-occupant or investment development.
2.68 acre parcel currently zoned R-6 High-Density Residential. City guidance is toward Commercial development that will allow for a wide variety of usage.
Corner orientation with west-facing frontage on Cedar Avenue & north-facing frontage along 26th Street. Rapid growth and commercial development currently taking place directly north of subject property on Cedar Ave. Includes retail, office & service. Additionally, the property is surround by a variety of residential areas for increased visibility and potential for a variety of development possibilities for the site.
Estimated 7,000 Vehicles Per Day (VPD) on 26th Street side and 4,500 VPD along Cedar Avenue.
Variety of possible development uses and ample amenities and businesses nearby to support your development. Ideal site for retail, service, office, flex or residential. City of Owatonna open for many use possibilities.