1081 Payne Ave Saint Paul, MN 55130
- Investment properties
- 2,908 SF
- 0.09 lot acres
Current Use by Public Records
- Investment properties
Property Details for 1081 Payne Ave
- Year built
- 1960
- Lot size
- 0.09 lot acres
- Property size
- 2,908 SF
- Zone code
- L
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 29-29-22-12-0171
- APU
- 292922120171
Description
This exceptional Saint Paul investment opportunity encompasses a diverse portfolio including a former restaurant space (1,000 square feet), a three-unit residential building (triplex), and an additional vacant lot, totaling 0.1 acres. Located at 1081 Payne Ave and 623 Magnolia Ave E, Saint Paul, MN 55130, this property presents a unique blend of commercial and residential potential. The former restaurant, situated within a B-2 (Community Business) zoned area, offers flexibility for a wide range of commercial ventures. The accompanying triplex provides immediate rental income, while the vacant land offers expansion or redevelopment possibilities. The entire portfolio is offered at an asking price of $600,000. The property is available for occupancy beginning January 1, 2025. This is an owner/user investment opportunity in Ramsey County, Minnesota. The two buildings sit on a combined 0.1-acre lot. This is a rare chance to acquire a mixed-use portfolio in a desirable Saint Paul location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Saint Paul
- County
- Ramsey
- State
- Minnesota
- Longitude
- -93.0739
- Latitude
- 44.974
- CBSA code
- 33460
- CBSA name
- MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
