1001 Payne Ave Saint Paul, MN 55130

This three-story, 17,000 square foot building at 1001 Payne Ave in St. Paul, Minnesota, presents a unique opportunity for a savvy investor. Located in a rapidly developing area of the city, this Commercial 3A zoned property offers high visibility and significant drive-by traffic. Originally built in 1900, the building has undergone substantial renovations, including a $40,000 main floor support beam upgrade, $100,000 in demolition work, a $40,000 roof update, and $13,000 spent on asbestos abatement. While the current renovations are incomplete, this provides a significant opportunity to add value through sweat equity. The flexible zoning allows for a variety of uses, including retail, restaurant, adult daycare, or gathering hall, making it an ideal investment for a wide range of businesses. The asking price is $349,900, translating to $23.47 per square foot. The property's multi-tenancy potential further enhances its investment appeal. This is a rare chance to acquire a substantial commercial property in a thriving St. Paul neighborhood with the potential for significant returns. The 55130 zip code and Ramsey County location offer easy access to major transportation routes and amenities.