1678 Selby Ave Saint Paul, MN 55104

This exceptional investment opportunity presents two adjacent executive office buildings at 1678 & 1684 Selby Avenue in Saint Paul, Minnesota's desirable Merriam Park neighborhood. The combined 4,663 square foot property boasts eleven individual office spaces, ideal for a variety of professional services. Built in 1901 and 1914, these well-maintained buildings offer a peaceful and professional environment with multiple long-term tenants, providing immediate cash flow. The property features eight dedicated off-street parking spaces in the rear. Located in a trendy retail area with nearby amenities such as Whole Foods, Starbucks, and numerous other businesses, this location offers excellent visibility and accessibility. The asking price is $699,000, representing a compelling 5.73% cap rate with a current net operating income (NOI) of $40,065. The 0.22-acre lot is zoned T2 - Traditional Neighborhood, presenting potential for future redevelopment or rent increases as leases expire. This is a rare opportunity to acquire a well-established, income-producing property in a highly sought-after location. The buildings, land, and existing leases are all included in the sale.