CBC Orion is pleased to offer for sale, “Princeton Mall”, a multi-tenant strip center in Princeton, MN. High traffic location on Rum River Drive, the primary thoroughfare running between Highways 95 and 169. Great location in heart of Princeton’s central business district. There is a mix of 13 local, regional and national tenants occupying space in the building. Diverse blend of tenants , consisting of Napa Auto Parts, H&R Block, Centracare Kidney Center, Domino’s, Coffee Corner, and more. Property has been same family owned since originally being developed in 1981. Ownership looking towards retirement.
Opportunity to purchase at very low price per square foot ($23/SF), potentially add capital for property enhancements, and increase leasing efforts to improve occupancy and boost property performance. Considerable upside potential for value add investor .
- Property Type
Retail
- Year Built
1981
- Total Building Size
43,000RSF
- Total Acres
1.19
- Number of Floors
1
- Property ID
2088351
