Residence at Discovery Square

511 3rd Ave SW Rochester, MN 55902

511 3rd Ave SW, Rochester, MN, 55902
511 3rd Ave SW, Rochester, MN, 55902 511 3rd Ave SW, Rochester, MN, 55902 511 3rd Ave SW, Rochester, MN, 55902
FOR LEASE
Property Type:
Street Retail
Amount:
Please Call Broker for Price

Last Verified:
Dec 02, 2024

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Highlights

  • - Prime location within a Class A 129-Unit Apartment Complex
  • - Street-level positioning for maximum visibility
  • - Versatile and customizable floor plans
  • - Abundance of natural light throughout the property
  • - Intelligent and motivated landlord committed to tenant success
  • - Proximity to Discovery Square and Mayo Clinic's Downtown Campus
  • - Ideal space for professional offices, retail, or restaurant use
  • - Professional and attractive curb appeal
  • - Diverse opportunities to create a tailored workspace
  • - Excellent leasing terms and support for tenant needs

Description

Introducing a prime lease opportunity centrally located within a Class A 129-unit apartment complex. This property offers maximum visibility with street-level positioning, complemented by versatile floor plans and an abundance of natural light. Tenants will benefit from an intelligent and motivated landlord committed to their success, ensuring an ideal environment for professional offices, retail, or restaurant use. The property's professional and attractive curb appeal further enhances its appeal, providing diverse opportunities for creating a tailored workspace. With excellent leasing terms and dedicated support for tenant needs, this space presents a compelling opportunity for businesses seeking a prestigious and accommodating setting to thrive.

Located in the vibrant heart of Rochester, MN, this bustling area offers a desirable mix of foot traffic and cultural attractions, ideal for retail and street retail tenants. Situated near the renowned Mayo Clinic's Downtown Campus and the lively Discovery Square, the location provides an unparalleled opportunity for businesses to establish a presence in a thriving, sought-after market. Surrounding the area are an array of amenities, including upscale dining, charming boutiques, and entertainment venues, creating a dynamic and supportive environment for retail endeavors. With its proximity to major transportation routes and a diverse consumer base, this prime location offers an ideal blend of urban connectivity and suburban ease, making it a compelling choice for retail businesses seeking a landmark address in Rochester.


Year Built: 2018
Building Size: 174020sq ft
Lot Size: 0.84 acres

Units for Lease

511 3rd Ave
Space Available: 7352 SF
Lease Type: NNN

Price Per Sqft/Year: $21.50


Map of 511 3rd Ave SW, Rochester, MN, 55902

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.