For Sale $413,929.00
Large 12+ acre parcel of residential development land on the south edge of the Baxter Industrial Park with frontage along Highland Scenic Drive (CR 48). Excellent building site for a developer in the Brainerd/Baxter Area. Close to schools, churches, shopping, dining, entertainment and recreation.
- Purchase Price: $413,929.00
- Directions: From Hwy 210/371 intersection in Baxter - South on Hwy 371 - East on College Road - South at the Round-a-Bout on Cypress Drive - At the T where Cypress Drive intersects Hinckley Road, the property is on the south side of Hinckley Road
- Lot Size (Sq. Ft): 551,905
- Lot Size (Acres): 12.67
- Lot Dimensions: Approx. 550’ x 848.22’ x 400’ x 205.2’ x 195.2’ x 94.8’ x 237.69’ x 570’ (Some measurements are estimated from the CWC GIS mapping site and should be verified)
- Road Frontage: Approx. 550’ along Hinckley Road and 400’ along Highland Scenic Road (CR 48)
- Price Note: Purchase Price is $0.75/SF
- Property Tax Year: 2020
- Annual Property Tax: $2,072.00
- Property Features / Assets: General Rule of Thumb: 17-25 Units per gross acre with a maximum of 50 units per building. There is a minimum requirement of 1,700 square feet per 0-1 bedroom units and 2,500 square feet for 2 or more bedroom units. Therefore: The 12.67 acres would equate to 215 to 316 units. The actual number of units would of course vary depending upon the size of each unit and/or the number of bedrooms for each unit.
- Water: City
- Sewer: City
- Adjacent Tenants: Residential Neighbors: Located close to the Aspen Ridge Townhomes, Cypress Court Apartments, Berrywood Apartments, Pine Hills Park, Highland Scenic Apartments, Heritage Assemblies of God Church, Pointway Church, plus several duplexes and single family homes.
- Neighboring Businesses: Located in the Baxter Industrial Park, nearby businesses include Avantech, Lindar Corporation, Tee Hive, Brainerd Public Utilities, Norson, Hubbard Radio, Fastenal, Dish Network, Comfort Keepers, Vision Electric, Westwood, Specialty Home Med, Cherrywood Fabrics, Navillus Land Company, Just for Kix, Bernicks, USPS plus numerous others.
- Traffic Counts: 9,600 on College Road and 22,200 on Hwy 371
- MLS #: 5510101
- CC File #: 1556
- Zoning: R3 - High Density Residential
- PID#: 40170599 & 40080750
- Legal Description: Legacy PID# 010171200BB0009 & 010084300ABA009. Legals are lengthy - view full legal in Property Brochure.