5700 W 78th St - Development Opportunity
Land | 2.57 acres
Marketing description
Great opportunity to develop a site located just northwest of the 494/HWY 100 intersection. The property currently generates income, and the cancellation provision allows the developer to secure entitlements and terminate the tenant immediately, if desired. The zoning permits a range of developments, including multi-family, retail, medical office, and more. The owner is open to the following options:
Selling the land outright.
Partnering on a joint venture, with the land contributed to the project.
Subordinating the land for a development, providing part of the developer’s financing "stack."
For more details, please contact Russ or Patrick Crawford. Concept drawings are available upon request.
Investment highlights
Lot Size: 2.57 Acres
Zoning: CS-1 (Commercial Service) allows for retail, office and some multi-family uses.
Superb location in the NWG of I-494 & Hwy 100 interchange and within 10 miles of the MSP Airport and Mall of America
Hotel has had a ground lease on the parking lot for over 40 + years.
Great Development site with easy access and excellent visibility.
In place income while developer secures entitlements with cancellation provisions.
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