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1246 University Ave W - Menlo Park 77,517 SF Specialty Building Offered For Sale in Saint Paul, MN 55104
INVESTMENT HIGHLIGHTS
- Located near Lexington Station & Hamline Station (light rail), Super Target, & Allianz Stadium.
- There are new residential housing projects next door & in the neighborhood -Twelve 22 Apartments; The Nine at Lexington Station; Hamline Station; etc.
- The property has good visibility on University Ave.
- Located near parks, schools, retail, restaurants, bus stops, other nonprofit headquarters, etc.
EXECUTIVE SUMMARY
Offered at $4,995,000 ($65.44/sf), this 77,517 sf property—formerly Nuway site and previously BCA/State of MN—is located on 1.561 acres with 355 feet of frontage along University Avenue. The four story property was built in 1929 and has been renovated multiple times. NOTE THAT IT IS APPROVED AS A DETOX CENTER AND FOR RESIDENTIAL USE. The fourth floor is mid-way through construction to a residential chemical dependency and mental health treatment program-residence for more that 16 residents, I-1 Condition 2. seller is Nuway 1246 LLC, a nonprofit. Capital improvements total $2M. Signage opportunities and buyer agents are welcome. Other residential uses also allowed.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
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-
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| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
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Walk Score®
Very Walkable (85)
Bike Score®
Very Bikeable (85)
PROPERTY TAXES
| Parcel Number | 34-29-23-42-0002 | Improvements Assessment | $1,594,700 |
| Land Assessment | $1,699,600 | Total Assessment | $3,294,300 |
PROPERTY TAXES
Parcel Number
34-29-23-42-0002
Land Assessment
$1,699,600
Improvements Assessment
$1,594,700
Total Assessment
$3,294,300
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1246 University Ave W - Menlo Park
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