A rare opportunity to acquire 5.14 acres of prime residential development land in the heart of Red Wing! Parcels are zoned R2. R2 allows 1 & 2 Family residential homes – 8 units per acre. This zone could accommodate roughly 40 residential units consisting of: townhomes, duplex rentals, single family homes, etc. - subject to how the units might fit the property. An ideal 1031 replacement property. There are utility easements which run along Jackson Street, an access easement for a property on 5th., and a proposed scenic easement on a portion of the hillside parcel.
Property tax amount is proposed. This listing is comprised of six platted lots: PID#555351280 PID# 555351230 PID#555351210 PID#555351220 PID#555351270 PID# 555351410