Outlots at Mandan High School Block 3, Lot 2
Land | 2.58 Acres
Marketing description
Prime commercial pad site immediately adjacent to the new $95 million Mandan High School that will be built for a capacity of 1400 students plus staff and faculty. These sites include premier visibility, efficient layouts with minimal to no special assessment costs and readily available utilities and infrastructure that will be stubbed to the property. Area businesses and notable sites nearby include Walmart, Starion Sports Complex, Subaru, Mandan Middle School, Marathon Petroleum with hundreds of new households proposed to the area along with new businesses. Notes: The site is currently under development as part of the new high school construction. Final property tax values and special assessments are pending but important to factor in that most of the special assessments will remain with the Seller; the engineers estimate for special assessments not assumed by the Buyer (as is typically the case in our market) is over $2.00/SF. This listing includes lots reduced in size from the existing plat. Buyers have the option to buy the larger parcels as currently platted for the same price per square foot otherwise a lot split will occur prior to the sale to create the lot being marketed under this listing.
Investment highlights
- Premier visibility along I-94 one of Mandan’s primary retail and commercial corridors located in the fast growing area of north Mandan.
- Run the math: This is a rare opportunity to be located next to the soon to be constructed Mandan High School. Site development includes efficiently sized lots, completion of the roadways, utilities and infrastructure all included into the list price with no or limited special assessments applying to these lots.
- Synergy: The new $95 million Mandan High School will be a gamechanger for the community of Mandan and will be built for a capacity of approximately 1,400 hundred students plus stuff and faculty. Adjacent to this location is the Starion Sports Complex, football and track field along with the under construction indoor tennis facility. These site locations provide for incredible business opportunities and synergies to the growth occurring in the area.
- Growth: An uptick in residential activity continues in Mandan. The City’s plans for five new subdivisions that, at build-out, could add 782 residential units to the community. On the same end of town as the new Mandan High School, north of I-94, subdivisions actively being reviewed or recently approved include:
- Rock Prairie Estates Addition
- West Hills Firth Addition
- Sunrise View Estates Addition
- Big Sky Estates Seventh Addition
- Rockwood First Addition
- Four developments recently approved in the south end of the city of Mandan include Heart Ridge Fourth Addition, Keidel’s South Heart Terrace Fifth Addition, Shores at Lakewood Addition, Heart River Villas Addition.
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