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Motel in Austin 1507 West Oakland Avenue, Austin, MN 55912
Property Description
Huge opportunity to acquire a high-visibility commercial property along Oakland Ave in Austin, MN offering multiple paths to value creation. Situated on approximately 0.78 acres with nearly 200 feet of hospitality operators. The site is currently operating as a motel, offering the potential for a buyer to continue the existing hospitality use, reposition the asset, or pursue a future redevelopment of the site. Adding to the uniqueness of the property, a large single-family home sits near the center of the lot featuring 3 bedrooms and 2.5 bathroom, creating additional possibilities for on-site management housing, rental income, owner occupancy, or future redevelopment plans. The property has also benefited from key capital improvements, including a roof and furnace installed within the past five years, offering added value and stability for investors. Zoned B-2 community business, the property allows for a wide variety of commercial uses included retail, service businesses, hospitality, office, and other commercial development. this flexible zoning creates multiple opportunities for investors looking to capitalize on future growth along this corridor. Further strengthening the investment potential, a building directly directly across Oakland Ave is currently being converted into a 22-unit multifamily development, highlighting the ongoing investment and redevelopment take place in the immediate area. Whether the next owner chooses to continue operating the motel, utilize the on-site residence, reposition the property, or redevelop the site entirely, this offering presents a compelling opportunity to control a well-located commercial parcel with strong and long term upside.
Highlights
- Located on one of the busiest roads in Austin
- A wide variety of redevelopment options
- There is a 22-unit Multi-family building being redeveloped right accross
Full Address: 1507 West Oakland Avenue, Austin, MN 55912
Listing Type: FOR SALE
Status: Active
Building Class: C
Zoning: B-2
Region: M-WN
County: Mower County
Closest Cross Streets: Oakland Ave
Use Type: Hospitality
Property ID: 4105972
Heating: Yes
Cooling: Yes
Traffic Count: 10417 VPD
Roof: 4 years old
Building Sf: 11,270
Parcel Num: 34-705-0450
Number Units: 1
Number Buildings: 1
Year Built: 1950
Year Renovation: 1975
Free Standing: Yes
Number Parking Spaces: 32