999-1001 Payne Ave - Storefront FOR SALE


Saint Paul, MN 55130
$349,900 USD
651-334-9851
999-1001 Payne Ave, Saint Paul, MN for Sale
$349,900 USD
Storefront - FOR SALE
1/8
null | Request Cap Rate

999-1001 Payne Ave
Saint Paul, MN 55130


HIGHLIGHTS

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

OVERVIEW

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 a lot of sweat equity. The currently owners started the renovation, but are unable to finish it providing a great opportunity to a future owner. This building can be used as retail, restaurant, adult daycare, gathering hall, or anything you have in mind that is an approved use for the zoning (3A COMMERCIAL LAND AND BUILDING). This building is located in the heart of the east side of St. Paul which has been growing and has a lot of new development and also provides a lot of drive-by traffic . The current owners completed the following work: 1. 1st floor beam =$ 40,000 2. Demolition = $ 100,000 3. Roof Update = $ 40,000 4. Asbestos clean up = $13,000

FOR SALE DETAILS

PRICE

$349,900 USD

PRICE/SF

$21 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,948 SF

ZONING

C-3A

APN/PARCEL ID

29-29-22-13-0152,29-29-22-13-0153,29-29-22-13-0154

ASK ABOUT THIS PROPERTY

Patrick CorbettCaspian GroupMore Info
651-334-9851

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Patrick CorbettCaspian GroupMore Info
651-334-9851

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.