1001 Payne Ave Saint Paul, MN 55130

Property Details for 1001 Payne Ave

Year built

1900

Construction

WOOD FRAME

Lot size

0.15 lot acres

Property size

15,440 SF

Zone code

L

Property type

Retail residential properties

APN

29-29-22-13-0153

APU

292922130153

Description

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.

Location Insight

City

Saint Paul

County

Ramsey

State

Minnesota

Longitude

-93.0739

Latitude

44.9714

CBSA code

33460

CBSA name

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

Property Tax & Assessments