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1955 University Ave W
Saint Paul, MN 55104
1955 University · Office Property For Sale
Investment Highlights
- Located at signalized intersection
- Well maintained asset in the Midway
- Building is in a Qualified Opportunity Zone (QEZ) and is eligible for New Market Tax Credits
- Retail tenants on 1st level, office tenants on 2nd level
- Current office rents are below market allowing for new opportunity to capitalize on market rents
Executive Summary
1955 University, located at 1955 University Avenue West, offers functional workspaces in Saint Paul, Minnesota. The two-story multi-tenant building contains 15,696 square feet and is located in the Hamline Midway neighborhood. Locally owned and managed, this is a prime location for entrepreneurs, start-ups, small business owners, and beyond.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
15,696 SF
Building Class
C
Year Built
1980
Price
$1,915,000
Price Per SF
$122.01
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,848 SF
Slab To Slab
12’
Building FAR
0.56
Lot Size
0.64 AC
Opportunity Zone
Yes
Zoning
Business/Commercial
Parking
32 Spaces (2.04 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Commuter Rail
- Signage
- Air Conditioning
Property Taxes
| Parcel Number | 33-29-23-24-0079 | Improvements Assessment | $1,065,400 |
| Land Assessment | $502,300 | Total Assessment | $1,567,700 |
Property Taxes
Parcel Number
33-29-23-24-0079
Land Assessment
$502,300
Improvements Assessment
$1,065,400
Total Assessment
$1,567,700
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