1912 Lexington AveRoseville, MN 55113

Property Details for 1912 Lexington Ave

Year built

2002

Construction

WOOD FRAME

Lot size

0.05 AC

Property size (Sq ft)

3,788 SF

Property type

Office properties

APN

14-29-23-32-0109

APU

142923320109

Description

This exceptional Roseville, Minnesota office condo presents a compelling investment opportunity. The 15,198 square foot building boasts a desirable brick exterior and is strategically located at the southeast corner of Lexington Avenue N and Roselawn Avenue W. The property offers convenient access to major transportation arteries, including Highways 51 and 36, and County Road B W, ensuring easy commutes for tenants and clients. The building features a well-maintained interior, including elevator service to all floors. A significant advantage is the ample parking provision of 50 stalls, providing a generous 5.58 spaces per 1,000 square feet of rentable space. The net rentable area totals 7,000 square feet, currently configured as two executive suites on the third floor. Each suite encompasses 3,500 square feet, offering flexibility for various business needs. The asking price is $1,030,000, translating to $67.77 per square foot. Its proximity to numerous retail and service amenities further enhances its appeal and potential for strong tenant occupancy. This property represents a rare opportunity to acquire a well-positioned, multi-tenant office building in a thriving Minnesota market. The building is situated in Ramsey County, with the address being 1912 Lexington Ave N, Roseville, MN 55113.

• CAP approach

  CAP return

  Valuation

  6%

  $696,443

  6.5%

  $642,871

  7%

  $596,952

• Comparable approach

  Method

  Valuation

  Relative Method

  $193,340

  Geo Method

  $193,340

• Alternative Use

  Use

  Valuation

  Residential

  $797,160

  Hospitality

  $730,194

  Educational

  $607,513

  Medical

  $628,406

  Retail

  $945,020

Location Insight

City

Roseville

County

Ramsey

State

Minnesota

Latitude

44.9988

Longitude

-93.1459

CBSA code

33460

CBSA name

MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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