Active

$950,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • sq ft
Overview
  • ID: MFRS5143833
  • Bedrooms:
  • Bathrooms: 0
  • Size: sq ft
Property Details
Remarks
Prime development opportunity in the rapidly expanding St. Cloud market. This ±4-acre site is zoned R-3 with a Future Land Use designation of Medium Density Residential, supporting a variety of residential development concepts. Per the City of St. Cloud, the R-3 zoning district permits townhome development with a maximum allowable density of up to 10 units per acre, offering the potential for an efficient, small-scale residential project. The site is currently improved with five mobile homes operating as single-family rental units on month-to-month leases. Four of the units are currently leased, providing the potential interim income during planning. A community-use well services the existing residences. The property’s size, zoning, and future land use designation position it well for redevelopment, with flexibility for site planning, subject to municipal approvals. Seller has completed significant upfront due diligence, including a Boundary and Topographic Survey and a Geotechnical Exploration Report, which will be provided to prospective buyers to help streamline the development process. This offering presents an opportunity to acquire a well-located infill parcel with near-term development potential.
Financial Considerations
Price:
$950,000
HOA Fee:
N/A
Tax Amount:
$5615.86
Price per SqFt:
$5.35
Tax Legal Description:
DAVIS ISLAND PB 13 PG 110 TRACT A LESS COM AT SW COR LOT 2, S 7.5 FT, E 70 FT, N 7.5 FT, W 70 FT TO POB and DAVIS ISLAND PB 13 PG 110 LOT 4
Exterior Features
Lot Size:
177724
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
N/A
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
N/A
Cooling:
N/A
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
N/A
Style:
N/A
Year Built:
N/A
Construction Type:
N/A
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    2256 MISSOURI AVE
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