1678 Selby Ave Saint Paul, MN 55104
- Office buildings
- 2,402 SF
- 0.11 lot acres
Current Use by Public Records
- Office buildings
Property Details for 1678 Selby Ave
- Year built
- 1908
- Construction
- WOOD FRAME
- Lot size
- 0.11 lot acres
- Property size
- 2,402 SF
- Zone code
- H
- Property type
- Office buildings
- APN
- 04-28-23-11-0167
- APU
- 42823110167
Description
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.
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
- -93.1714
- Latitude
- 44.9463
- CBSA code
- 33460
- CBSA name
- MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
