Workshops of Watertown Condos For SaleStore your toys and personalize the interior finishes to create a space to spread out!

721 Industrial Blvd Industrial Boulevard Watertown, MN 55388

721 Industrial Blvd Industrial Boulevard , Watertown, MN, 55388
721 Industrial Blvd Industrial Boulevard , Watertown, MN, 55388 721 Industrial Blvd Industrial Boulevard , Watertown, MN, 55388
FOR SALE
Property Type:
Self Storage
Cap Rate:
0.00%
Last Verified:
Feb 20, 2024

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Workshops of Watertown Condos For Sale Store your toys and personalize the interior finishes to create a space to spread out! Highlights and Features: • Convenient location with easy access to Hwy 7 and Hwy 12 • Unique opportunity to buy 1 or 2 back-to-back commercial garage units • Complex is gated and fenced for security • Association covers: Lawn/snow, garbage, outside lighting, security cameras, gate/fencing, and exterior building insurance • Future entrance gates, security fencing, wash bay, RV dump station, and lounge • Xcel electric/gas, city water/sewer, and fiber optic internet available • Business sign available over service door with approval/permit from the City of Watertown • Can upgrade to a 200-amp electrical service • A dehumidifier can be installed at an additional charge • Buildings A and B were completed in 2022 • Building C was completed in Spring of 2023 • Building D is scheduled to be completed in the Fall of 2023 • Lounge/party room, wash bay, and RV dump station be built are planned as part of Phase 2 of the project - estimated for 2024-2025 • PID: 85.601015 (additional PID: 85.6010160) • Zoning: Commercial/Multi-Use, businesses welcome Available For Sale: • Unit B3: 1,090 sf and 400 sf of mezzanine • Unit B4: 1,090 sf • Units B3 and B4 are contiguous to 2,180 sf • Association Dues: $100/month (invoiced quarterly) • 2023 Tax: $1,800 for personal use, $3,500 for business use • Sale Price: $205,000 for each unit ($410,000 for both) Unit B3 Includes: • Unit is move-in ready and includes sheet-rocked walls • 14' insulated garage door w/opener • 16'-20' vaulted tin ceiling • LED lights, in-floor heat, 100-amp electrical service with several outlets • Floor trench drain, fire suppression, spray foam/blown insulation, A/C unit, additional outlets • Rough-in bathroom w/shower option, 40’ x 10’ mezzanine, LP siding, asphalt shingled roof, concrete aprons, and asphalt lot Unit B4 Includes: • Unit is move-in ready and includes sheet-rocked walls • 14'x14’ insulated garage door w/opener • 16'-20' vaulted tin ceiling • LED lights, in-floor heat, 100-amp electrical service w/add’l outlets • Camper hook-up, washer/dryer hook-up • Floor trench drain, fire suppression, A/C, spray foam/blown insulation • 1/2 bath, 40'x10'mezzanine, LP siding, asphalt shingled roof, concrete aprons, and asphalt lot

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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.