1001 Payne Ave, St Paul, MN 55130

1001 Payne Ave, Saint Paul, MN 55130

Accepting Offers
1001 Payne Ave, St Paul, MN 551301001 Payne Ave, St Paul, MN 551301001 Payne Ave, St Paul, MN 551301001 Payne Ave, St Paul, MN 55130
Asking Price

$199,900

1001 Payne Ave, St Paul, MN 55130

1001 Payne Ave, Saint Paul, MN 55130

Asset Type: Real Estate

Estate: Leasehold

Land Area: 0.15 Acres

Property Size: 15,440 SF

Property Type: Retail

Year Built: 1900

Number of Units: 1

Investment Highlights

  • • Location is lively and is booming with diverse cultures.
  • • Many successful businesses around the area starting with eateries, pubs, coffee shops, groceries, US Bank directly in front of the building for your business needs, off street parking and bus transportation.

1001 Payne Ave, St Paul, MN 55130

This building provides a great opportunity for a new owner to purchase it and complete the build-out based on their desired use, and in turn, create significant sweat equity. The current owners started the renovation but were unable to finish it, providing a great opportunity for a future owner. This building can be used as retail, restaurant, adult daycare, gathering hall, or any other approved use under the zoning (3A Commercial Land and Building). The building is located in the heart of the East Side of St. Paul, an area that has been growing, with significant new development and strong drive-by traffic. The current owners have completed the following work: First-floor beam – $40,000 Demolition – $100,000 Roof update – $40,000 Asbestos cleanup – $13,000

Sale FAQs

Investment Sales Broker

Patrick Corbett

Patrick Corbett

NAI Gateway Commercial

MN License: 40472866

Phone: XXXXXXXXXX

Email: XXXXXXXXXXXXXXXXXXXXXX

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