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999-1001 Payne Ave 14,000 SF Vacant Retail Building Saint Paul, MN 55130 $199,900 ($14.28/SF)
INVESTMENT HIGHLIGHTS
- Location is lively and is booming with diverse cultures
- US Bank is directly in front of the building for your business needs
- Many successful businesses around the area starting with eateries, pubs, coffee shops,?and groceries
- Off street parking and bus transportation available
EXECUTIVE SUMMARY
This building provides a great opportunity for a new owner to purchase it and complete the build-out based on their desired use, and in turn, create a lot of sweat equity. The currently owners started the renovation, but are unable to finish it providing a great opportunity to a future owner. This building can be used as retail, restaurant, adult daycare, gathering hall, or anything you have in mind that is an approved use for the zoning (3A COMMERCIAL LAND AND BUILDING).
This building is located in the heart of the east side of St. Paul which has been growing and has a lot of new development and also provides a lot of drive-by traffic . The current owners completed the following work:
1. 1st floor beam =$ 40,000
2. Demolition = $ 100,000
3. Roof Update = $ 40,000
4. Asbestos clean up = $13,000
This building is located in the heart of the east side of St. Paul which has been growing and has a lot of new development and also provides a lot of drive-by traffic . The current owners completed the following work:
1. 1st floor beam =$ 40,000
2. Demolition = $ 100,000
3. Roof Update = $ 40,000
4. Asbestos clean up = $13,000
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Storefront
Building Size
14,000 SF
Building Class
C
Year Built
1900
Price
$199,900
Price Per SF
$14.28
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.94
Lot Size
0.34 AC
Zoning
C-3A - Properties in this class include office buildings, hotels, restaurants, retail stores, malls, banks, and service outlets
Frontage
45’ on Payne Ave
AMENITIES
- Bus Line
- Signage
Walk Score®
Very Walkable (89)
Bike Score®
Very Bikeable (76)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,348,800 | |
| Land Assessment | $132,700 | Total Assessment | $1,481,500 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$132,700
Improvements Assessment
$1,348,800
Total Assessment
$1,481,500
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999-1001 Payne Ave
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