400 Broadway Avenue N, Foley, MN 56329
sale
$439,900
|
Office
Courtesy Of New Century Real Estate
Positioned on one of Foley's most visible commercial corners along Hwy 23, this 3,168 square foot professional office building offers immediate income with exceptional long term upside. The property is occupied by established professional office tenants, including a long term lease extending through 2030, while additional leases and future renewals provide opportunities to reposition rental rates and operating income over time. Multiple vacant office suites offer flexibility for lease up, tenant expansion, owner occupancy, or reconfiguration. Constructed with durable brick and steel and served by zoned heating and cooling systems, the building is designed for long term performance and a variety of professional office, medical, counseling, legal or service based uses. Foley continues to experience renewed commercial growth following expanded municipal infrastructure, making highly visible office properties increasingly difficult to acquire. Investors and owner occupants alike will appreciate the combination of existing cash flow, leasing flexibility, and meaningful value add potential in one of the community's most recognizable commercial locations.
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Property Features
- Age: Over 50 Years Old
- Amenities: Disabled Access
- Appliance: Water Heater - Electric
- Cooling System: Zoned
- Cooling System: Central Air
- Exterior Type: Brick
- Exterior Type: Steel
- Heating System: Zoned
- Heating System: Forced Air
- MLSID: 7012553
- Roof Type: Metal
- Rooms: Bathroom 1
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