.16 Acres - Hard Corner with 4-Way Stoplight
Corner Lot for Sale & Part of a Larger Development Opportunity
Marketing description
Positioned for exceptional visibility and long-term growth, this .16-acre commercial site encompasses a single parcel (01:090:0016), That being said, there are a total of 2.17 acres nearby that are also for sale (01:090:0005, 01:090:0017, 01:090:0002, 01:090:0003, and 01:090:0001). With the corner lot added, the total land size is 2.33 acres. All parcels are zoned Mixed Use (MU), providing flexibility for a wide range of development opportunities. Whether envisioned as retail, office, restaurant, multifamily, hospitality, or a thoughtfully integrated mixed-use project, the property offers investors and developers the ability to capitalize on a zoning designation designed to encourage vibrant commercial activity and community growth.
The location benefits from approximately 15,000 vehicles per day (AADT 2024), delivering consistent exposure and strong accessibility for businesses seeking a prominent presence. With ample space to accommodate creative site planning and a variety of potential uses, this property presents an outstanding opportunity to develop a destination that serves both the surrounding community and passing traffic. Its combination of strategic location, favorable zoning, and high visibility makes it an ideal investment for those looking to establish or expand in a growing market.
Located near future TRAX light rail station.
*Current tenant has the first right to purchase the property.
Investment highlights
- .16 Acres
- Mixed Use (MU) Zone
- Motivated Seller
- 200 Feet of State Street Frontage
- Rideout Auto Sales as a Tenant for the next 2 years paying $1,500 each month
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