3 Hoffman, Mankato, MN 56001

Property Description

Building 2 with 54 units, 12,000 SF and 81 allocated parking stalls. Pad is certified and balanced, streets, stormwater and utilities complete. All hook up fees have been paid. Zoned Office Residential within a 19-acre apartment parcel platted for 10 buildings and up to 610 units, so you can start with one building and grow with the neighborhood. Aveyda Preserve is Mankato's newest master-planned community and its 19-acre apartment parcel is now fully construction-ready. Zoned Office Residential and platted for 10 buildings with capacity for 610 units, the site gives a developer a rare combination: scale to phase a multi-year program, and infrastructure that is already finished. Streets, stormwater ponds, sanitary and water are in, every pad is certified and balanced within one foot, and hook-up fees are paid. Your cost from here is essentially vertical construction. The parcel sits on Mankato's high-growth east side, within a mile of major retail, 2.7 miles from Mayo Clinic Health System's regional hospital and clinics, and 3.4 miles from Minnesota State University, Mankato. Across the street, Aveyda Preserve's 122 villas, twin homes and single-family homes plus a planned convenience store and mixed-use retail corner mean your renters move into a finished neighborhood, not a construction zone. Sites are available individually by building or as a full-parcel assemblage. Ideal for market-rate, luxury or senior housing. Build to a finished product with a land basis that's a fraction of typical all-in cost. https://youtu.be/MdnYVuvq3ZE