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8054 Spring Lake Road
Spring Lake Park, MN 55432
Asking Price
Contact for price
Asset Type
Commercial Multifamily
Class
Class B
What's Special
8054 Spring Lake Road, Spring Lake Park, MN 55432 <ul><li>Prime 1.7-acre corner redevelopment site</li><li>High visibility location on County Hwy 10</li><li>Approximate traffic count: 36,000 vehicles per day</li><li>Corner frontage at Spring Lake Road</li><li>Current zoning: C2</li><li>Potential future R3 multifamily redevelopment opportunity</li><li>Municipal water and sewer available</li><li>City loop water/sewer system in place</li><li>Existing structure sold AS IS — land value opportunity</li><li>Strong rental demand in surroundin
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547