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750 Summit Ave 1.49 Acres of Residential Land Offered at $2,900,000 in Saint Paul, MN 55105

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INVESTMENT HIGHLIGHTS

Largest undeveloped parcel on St Paul's historic Summit Avenue.

EXECUTIVE SUMMARY

The largest, undeveloped parcel on St. Paul’s historic Summit Avenue is now for sale! Sitting between Summit Avenue and bustling Grand Avenue, the parcel is two blocks from the ever-popular Victoria Crossing shopping and dining area. Just shy of 1.5 acres of land, this property has recently been rezoned as H2, under the “Missing Middle” housing initiative. H2 districts are located near transit corridors and neighborhood nodes, encouraging housing diversity and affordability. As such, the property offers exceptional potential for dense, high-quality infill development. The current owners recognize the need for increased housing as well as additional homes on the property tax rolls and are pleased to make this contribution to the City of St. Paul. Bring your vision to this rare development opportunity and help shape the future of one of St. Paul's most iconic neighborhoods.

PROPERTY FACTS

Price	$2,900,000	Property Subtype	Residential
Sale Type	Investment or Owner User	Proposed Use	Multifamily Apartment Units Apartment Units - Condo Planned Unit Development Single Family Development Single Family Residence
No. Lots	1	Total Lot Size	1.49 AC
Property Type	Land	Cross Streets	Grotto Street
Zoning	H2 - H2 provides a variety of housing options, from single-family homes to six-plexes (via density bonus) per lot, as well as cluster developments.

Price	$2,900,000
Sale Type	Investment or Owner User
No. Lots	1
Property Type	Land
Property Subtype	Residential
Proposed Use	Multifamily Apartment Units Apartment Units - Condo Planned Unit Development Single Family Development Single Family Residence
Total Lot Size	1.49 AC
Cross Streets	Grotto Street
Zoning	H2 - H2 provides a variety of housing options, from single-family homes to six-plexes (via density bonus) per lot, as well as cluster developments.

1 LOT AVAILABLE

Lot

Price	$2,900,000	Lot Size	1.49 AC
Price Per AC	$1,946,308.72

Price	$2,900,000
Price Per AC	$1,946,308.72
Lot Size	1.49 AC

Six contiguous platted lots totaling 260' of Summit Avenue frontage and 250' along Grotto Street. Five lots measure 40' x 250' each, and one measures 60' x 250'. Total of 1.49 Acres.

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