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1671 Summit Ave Saint Paul, MN 55105

OFF-MARKET Apartment buildings Google Maps
13,038 SF Built 1952
Estimated value
No estimation on file for this property yet.
Property ID US46-0627050

Property summary

AI-generated overview

This exceptional 18,000 square foot lot at 1671 Summit Avenue in Saint Paul's desirable Merriam Park/Lexington-Hamline neighborhood presents a unique redevelopment opportunity. Currently featuring a 13,038 square foot, one-unit building constructed in 1952, the property is zoned H2, offering versatile development options. Explore the potential to create a custom single-family home, a luxury multi-unit condominium building (with potential for more than 5 units subject to city approval), or a civic/institutional structure. The existing building, gutted to the studs, provides a solid foundation for your project. The substantial lot size and flexible zoning regulations make this an unparalleled chance to build a masterpiece in a highly sought-after location. The asking price is $995,000, with a price per square foot of $76.32. The property's Property Identification Number (PIN) is 042823140136. This is a rare chance to acquire a large, buildable lot in a prime St. Paul location. Don't miss this chance to shape the future of this coveted address.

Property profile

Verified
Property type Apartment buildings
Year built 1952
Total area 13,038 SF
UPID US46-0627050

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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