Property Description
This 11+-acre parcel offers a strong multifamily development opportunity along University Drive. Zoned R-5 Multifamily, the property sits in an established rental area and is well aligned with continued residential development.The size of the parcel provides flexibility for site planning, building layout, parking, green space, and potentially phased development. Its location along University Drive also offers good visibility and convenient access, making it an attractive option for a developer or investor looking for a larger multifamily site.With the zoning already supporting multifamily use, the property provides an opportunity to explore a range of residential concepts subject to city requirements and approvals; utility availability, access, density, stormwater, wetlands, soils, and other site-specific development considerations of a buyer's normal due diligence. Based on contour maps and the National Wetlands Inventory, there are wetlands in part of the 11 acres. Overall, this is a sizable development parcel in an established rental corridor with zoning, location, and acreage that create a compelling opportunity for future multifamily development.
Property Features
Property Type: Land - Residential
Lot Size: 11.98 Acres
Taxes: $1,190
Feature Descriptions
Days on Site: 2
Development Status: Raw Land
Improvements: Public Road
Lot Dimensions: 285x535x459x529x723x1064
Topography: Wooded
Utilities: Cable Available, Electricity Available, Natural Gas Available Connected, Sewer Available, Water Available
Local Schools
School District: St. Cloud
Listed By / Shown By
Listed By
Agency Name: RE/MAX Results
Agency Phone: 320-251-2200
Shown By
Agent Name: The Miller Group
Agent Phone: (763) 286-2900
Agency Title: Counselor Realty
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Estimated Payment
$ 2,625.51 per month $2,395.09 Principal & Interest $99.17 Property Tax $131.25 Homeowner's InsuranceChange Payment Information
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1815 University Drive Se | MLS# 7140010
This land located at 1815 University Drive Se, Saint Cloud, MN 56304 is currently listed for sale with an asking price of $450,000. The property has approximately 11.98 Acres. University Drive Se is located within the St. Cloud school district. Search Saint Cloud real estate on www.gaylemiller.realtor today.