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1246 University Ave W
Saint Paul, MN 55104
Menlo Park · Office Property For Sale
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.
- Diesel back-up generator.
- The property has good visibility on University Ave.
- Located near parks, schools, retail, restaurants, bus stops, other nonprofit headquarters, etc.
- Spacious training facilities, multiple conference rooms, and well-appointed break areas.
Executive Summary
1246 University Ave W presents a unique value-add acquisition opportunity in the heart of St. Paul’s thriving Midway district. The 77,517 SF property combines strong existing infrastructure, flexible floor plates, and a prime transit-oriented location near major retailers, residential developments, and the Metro Green Line. With substantial capital improvements already completed and future redevelopment potential enhanced by its Opportunity Zone designation, 1246 University Ave W offers a compelling opportunity for investors, developers, and owner-users alike.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
77,517 SF
Building Class
B
Year Built
1929
Price
$3,750,000
Price Per SF
$48.38
Percent Leased
100%
Building Height
4 Stories
Typical Floor Size
19,379 SF
Building FAR
1.14
Lot Size
1.56 AC
Opportunity Zone
Yes
Zoning
T4 - Traditional Neighborhood
Parking
78 Spaces (1.01 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 34-29-23-42-0002 | Improvements Assessment | $2,710,900 |
| Land Assessment | $1,699,600 | Total Assessment | $4,410,500 |
Property Taxes
Parcel Number
34-29-23-42-0002
Land Assessment
$1,699,600
Improvements Assessment
$2,710,900
Total Assessment
$4,410,500
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