Mixed-Use Restaurant and Triplex
1081 Payne Ave Saint Paul, MN 55130
For Sale
Contact for pricing
Restaurant building is zoned B-2 and includes adjacent triplex, parking lot, and vacant land for a combined offering.
Property Size5,592 SF
Price / SF$107.30
Days on Market601
Property Features for 1081 Payne Ave
General Information
Standard status
Active
Size
5,592 SF
Property subtype
RETAIL
Listing Agency:
Obsidian Group
(507) 581-3479
Listed By:
Ethan Finger
(507) 581-3479
Source:
Moodyscre
Added: Dec 5, 2024
Changed: Jul 29
Last Checked: Jul 29 at 2:48AM
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
Investment Insights
Based on property information with market context.
Obsidian Group presents a combined retail and residential portfolio including a restaurant building, a neighboring triplex, a parking lot, and vacant land northwest of the restaurant. The restaurant has experienced internal fire damage, and ownership has decided to sell the restaurant building (not the “Magnolias” name).
The building is zoned B-2, allowing a wide variety of uses for your business. The neighboring triplex has three units: two units with 2 bed/2 bath and a studio apartment. The studio is currently vacant, and the other two units are on month-to-month leases. The triplex was previously used to house restaurant employees.
The offering is located at 1081 Payne Ave, St. Paul, MN 55130.
The building is zoned B-2, allowing a wide variety of uses for your business. The neighboring triplex has three units: two units with 2 bed/2 bath and a studio apartment. The studio is currently vacant, and the other two units are on month-to-month leases. The triplex was previously used to house restaurant employees.
The offering is located at 1081 Payne Ave, St. Paul, MN 55130.
Key Highlights
- Restaurant building is zoned B‑2, allowing a wide variety of business uses
- Combined offering includes the restaurant building, neighboring triplex, parking lot, and vacant land
- Triplex has 3 units: two 2 bed/2 bath units and one studio apartment
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant building is zoned B-2 and includes adjacent triplex, parking lot, and vacant land for a combined offering.
Where is this conventional restaurant located?
The property is located at 1081 Payne Ave Saint 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: Restaurant building is zoned B‑2, allowing a wide variety of business uses; Combined offering includes the restaurant building, neighboring triplex, parking lot, and vacant land; Triplex has 3 units: two 2 bed/2 bath units and one studio apartment
