Colonial Manor 1349 S Robert St 5,023 SF 100% Leased Office Building West Saint Paul, MN 55118 $650,000 ($129.40/SF)

Marcus & Millichap is pleased to exclusively offer for sale Colonial Manor, a multi-tenant of?ce building located at 1349 South Robert Street in West Saint Paul, Minnesota. This asset offers investors multiple avenues to create value. One approach could be an of?ce value-add strategy with getting vacancies ?lled and converting existing gross leases to triple net. Another approach could be redeveloping the site taking advantage of the highly desirable location from a retail location perspective.
Of?ce Value-Add:
The building bene?ts from strong visibility, attractive curb appeal, and consistent demand for small of?ce/service suites — providing the savvy investor opportunity to unlock major upside through cosmetic updates and strategic lease-up including bringing rents up to market rate and converting them to triple net leases thus capturing CAM reimbursements for additional income.
Redevelopment Opportunity:
The property's highly visible location at a signalized intersection along Robert Street and traf?c counts exceeding 20,000 vehicles per day, highlight the phenomenal redevelopment potential. The site's B3 General Business zoning allows investors to pursue a vast array of commercial uses. Investors could bene?t from existing cash ?ow while planning a future redevelopment strategy.