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Watertown Townhomes Offer Immediate Value and Future Development Potential
A distinctive residential investment opportunity is available at 409–417 Hunter Drive, Watertown, MN 55388. The property includes five completed townhomes along with land platted for seven additional residences, giving a buyer the ability to acquire an established property and continue building out the larger development.
The complete site was originally platted as 401–423 Hunter Drive for a total of 12 townhome units. Five residences have been constructed, while the remaining seven individually platted lots provide valuable flexibility for an investor, builder or developer.
Existing Townhomes With Individual Parcels
The five completed residences each offer approximately 1,408 finished square feet across two levels. Four units have two bedrooms and two bathrooms, and one unit offers three bedrooms and two bathrooms. Every residence includes a walkout lower level and an attached two-car garage.
The building has received several meaningful improvements. It features newer windows and entry doors, a roof that is approximately nine years old and updated kitchens in many of the units. These improvements, combined with the practical floor plans and attached garages, make the residences well suited for continued rental operation or potential individual resale.
Each completed townhome has its own property identification number. The undeveloped lots are also individually platted, creating multiple potential ownership, financing and disposition strategies. Buyers should independently confirm their intended use and development plans with the appropriate governmental authorities.
Seven Additional Townhomes May Be Added
The property’s greatest opportunity may be the ability to expand from five completed residences to a total of 12.
Three additional units may be constructed south of the existing building. These lots were platted for building footprints of approximately 22 by 48 feet. By comparison, the existing residences were built with smaller 22-by-32-foot footprints, suggesting an opportunity to design larger floor plans for the future units.
The north lawn is platted for four more townhomes. Each of these lots provides an approximately 22-by-66-foot building footprint, offering even greater flexibility for unit size, layout and design.
A future owner could potentially complete all seven units as one project or pursue construction in phases. The property may also allow an investor to operate the existing residences while preparing plans, obtaining approvals and arranging financing for the remaining development.
Multiple Investment Strategies
This offering provides several possible paths forward. A buyer could hold the five existing townhomes as income-producing rentals, renovate and resell the residences individually, complete the remaining seven units, or combine rental and development strategies.
The individual parcel structure is an especially important feature. Rather than acquiring a conventional apartment building on one parcel, the buyer is purchasing separately platted residences and development lots. That structure may provide additional flexibility when selling completed units or planning future phases.
The property is being offered as a complete package, allowing one buyer to control the existing townhomes and the remaining development opportunity.
Convenient Watertown Location
Watertown is a growing Carver County community located west of the Twin Cities (view all Watertown, MN Commercial Property For Sale). Residents enjoy a small-town atmosphere while remaining within convenient driving distance of Waconia, Delano, Mayer, Chaska, Lake Minnetonka and employment centers throughout the western metropolitan area.
The community’s location and character make it attractive to residents seeking more space, attached garages and a quieter environment without becoming disconnected from the larger metro. Townhomes can serve a wide range of housing needs, from first-time buyers and young professionals to families and downsizing homeowners.
Learn More About 409–417 Hunter Drive
The combination of five existing townhomes, seven additional platted units and individually assigned property identification numbers makes 409–417 Hunter Drive in Watertown, Minnesota, an uncommon real estate offering.
For additional property details, financial information or a private tour of the townhomes and development site, contact:
David Gooden
CommercialZip.com
The Dane Arthur Real Estate Agency
612-367-6025
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