Sherry Coauette
MLS#7113000
STATUSActive
PROPERTY TYPECommercial - Business
SUBDIVISIONSugarbush 2nd Add
SCHOOLWatertown-Mayer
Property Description
Exceptional townhome development opportunity in the growing community of Watertown. This fully platted development consists of 12 individually platted townhome lots (12 separate PIDs) with 5 existing units and approvals for 7 additional units. The existing residences include four 2BR/2BA units and one 3BR/2BA unit, each offering 1,408 finished sq. ft., walkout lower levels, and attached two-car garages. Numerous capital improvements have been completed, including newer windows and entry doors, a roof approximately 9 years old, and many units featuring updated kitchens, HVAC systems, bathroom vanities, and flooring. Tenants pay all utilities, providing an attractive investment opportunity. The remaining 7 lots offer excellent development potential, with the southern three lots accommodating larger 22' x 48' building footprints and the northern four lots designed for expansive 22' x 66' footprints - allowing substantially larger townhomes than the existing units. Utilities are available in the street, reducing future development costs. A rare opportunity to acquire an income-producing asset with significant expansion potential.
Property Features
Property Type: Commercial - Business
Basement: Yes
Cooling: Central Air
Fuel Type: Natural Gas
Garage: 10
Heating: Forced Air
Lot Size: 2.50 Acres
Roof Type: Age Over 8 Years
Stories: 3.0
Taxes: $12,641
Year Built: 1989
Feature Descriptions
Appliances: Dishwasher, Exhaust Fan, Range, Refrigerator, Stainless Steel Appliances, Water Softener Owned
Basement: Block, Single Tenant Access, Storage Space, Sump Basket, Sump Pump, Unfinished
Current Use: Residential
Exterior: Block, Frame
Foundation Size: 3520
Lot: Cleared, Corner Lot, Tree Coverage - Medium, Zero Lot Line
Lot Dimensions: 250 x 600 x 300 x 359
Owners Expense: Common Area Maintenance, Exterior Maintenance, Grounds Care, Insurance, Repairs, Roof Maintenance, Snow Removal, Taxes
Parcel#: 854210050
Parking: Parking Lot, Tuckunder Garage
Road Frontage: City Street, County Road, Curbs, Private Road, Street Lights, Storm Sewer
Sale Includes: Building, Fixture/Equipment
Sewer: City Sewer/Connected, City Sewer - In Street
Tenant Expenses: All Utilities, Broadband, Cable TV, Electricity, Gas, Heat, Hot Water, Sewer, Trash Collection, Water
Units: 5
Utilities: Electric Separate, Heating Separate
Water: City Water/Connected
Local Schools
School District: Watertown-Mayer
Listed By / Shown By
Listed By
Agency Name: Dane Arthur Real Estate Agency
Agency Phone: 218-692-6003
Shown By
Agent Name: Sherry Coauette
Agent Phone: (218) 280-8272
Agency Title: LeBlanc Realty
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417 Hunter Drive | MLS# 7113000
This commercial property located at 417 Hunter Drive, Watertown, MN 55388 is currently listed for sale with an asking price of $1,595,000. Hunter Drive is located within the Watertown-Mayer school district. Search Watertown real estate on scoauette.leblancrealty.com today.