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    Restaurant, Triplex, Land Portfolio Title is generated by Realmo AI

    1081 Payne Ave, St Paul, MN

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    Unique retail and residential portfolio with restaurant, triplex, and land.

    Type:RETAIL
    Property size:
    5,592 SF
    Lot size:
    0.10 Acres
    Price / SF:
    $107/SF
    Added:
    Dec 5, 2024
    Days on Market:
    554
    Last Refresh:
    May 20 at 8:09 pm

    Property Features for 1081 Payne Ave

    General Information

    Standard status
    Active
    Size
    5,592 SF
    Lot size
    0.10 Acres
    Property subtype
    RETAIL

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    Listing Contact
    Ethan Finger

    Listing agent Ethan Finger

    Listing office Obsidian Group

    Listing date Dec 5, 2024

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Obsidian Group

    HighLights

    • B‑2 zoning allows for a wide variety of business uses.
    • Includes a restaurant building with potential for redevelopment or reopening.
    • Features a neighboring triplex with two 2‑bed/2‑bath units and a studio apartment.
    • Includes a parking lot and vacant land northwest of the restaurant.
    • Triplex units offer existing rental income potential (two units currently leased month‑to‑month).
    • Property offered as a portfolio including retail and residential components.

    Overview

    This unique portfolio features a restaurant space, a neighboring triplex, a parking lot, and vacant land. The restaurant, formerly a local favorite for decades, sustained some internal fire damage, prompting the ownership to sell the property. The triplex contains three units: two 2-bed/2-bath apartments and a studio apartment. The studio is currently vacant, while the other two units are occupied under month-to-month leases. Previously, the triplex was used to house restaurant employees. The property is zoned B-2, allowing for a wide variety of business uses. The property has a total size of 5592 square feet.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • ADS Catering — 705 3rd St E, St Paul, MN 55106

    Location Insight

    • Map
    • Local Demand
    City
    St Paul
    County
    Dakota
    State
    Minnesota

    FAQs

    What type of property is this?
    Restaurant - Unique retail and residential portfolio with restaurant, triplex, and land.
    Where is this restaurant located?
    The property is located at 1081 Payne Ave St Paul, MN.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: B‑2 zoning allows for a wide variety of business uses.; Includes a restaurant building with potential for redevelopment or reopening.; Features a neighboring triplex with two 2‑bed/2‑bath units and a studio apartment.
    (507) 581-3479 Call to check price and availability
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    Contact for Pricing
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    and status of this listing
    Ethan Finger
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