For Sale
$600,000

1081 Payne AveSaint Paul, MN 55130

Two Buildings, 1,000 sq ft, Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
119
This exceptional Saint Paul investment opportunity encompasses a diverse portfolio including a former restaurant space (1,000 square feet), a three-unit residential building (triplex), and an additional vacant lot, totaling 0.1 acres. Located at 1081 Payne Ave and 623 Magnolia Ave E, Saint Paul, MN 55130, this property presents a unique blend of commercial and residential potential. The former restaurant, situated within a B-2 (Community Business) zoned area, offers flexibility for a wide range of commercial ventures. The accompanying triplex provides immediate rental income, while the vacant land offers expansion or redevelopment possibilities. The entire portfolio is offered at an asking price of $600,000. The property is available for occupancy beginning January 1, 2025. This is an owner/user investment opportunity in Ramsey County, Minnesota. The two buildings sit on a combined 0.1-acre lot. This is a rare chance to acquire a mixed-use portfolio in a desirable Saint Paul location.

Highlights

  • $600,000 asking price for a unique retail and residential portfolio in Saint Paul, MN.
  • The portfolio includes a former restaurant, a triplex, a parking lot, and vacant land totaling 0.1 acres.
  • The property features two buildings with a combined 1,000 square feet.
  • Zoned B-2 (Community Business), allowing for diverse commercial uses.
  • Occupancy date is January 1, 2025.

Property Details for 1081 Payne Ave

Property type
Retail properties, Restaurants
Square Feet
1,000 SF
Buildings
2
Lot Size (sq. ft)
4,356 SF

Location Insight

City
Saint Paul
County
Ramsey
State
Minnesota
Latitude
44.9739753
Longitude
-93.0737272
1081 Payne Ave, Saint Paul, Minnesota

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1081 Payne Ave
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