1321 Payne Avenue E,Saint Paul, MN 55130
Saint Paul, MN 55130
Description
Potential for great cash flow! Classic brick mixed-use building on highly visible Payne Avenue featuring two commercial storefronts and three apartments above. The residential units include two 1-bedroom apartments and one 2-bedroom, 1-bath apartment. Recent seller improvements include a new water service line, updated electrical service for the front storefront, newer forced-air furnace and water heater, plus a newer boiler and water heater serving the apartments and rear commercial space. Both storefronts feature updated bathrooms and full kitchens with quality cabinetry and appliances. The commercial spaces can be operated separately or combined into one larger business location. The larger storefront also includes access to a clean, dry basement with an additional bathroom, offering excellent storage and potential expansion space. Off-street parking is available behind the building, with abundant street parking nearby. Ideal for investors or owner-occupants seeking a flexible income-producing property.
Details
| MLS # | 7085772 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1927 |
| Days On Site | 82 |
| Listing Provided By | Grand Realty, LLC | Daniel R. Fowlds |
Features
| SQ Feet | 7,200 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Units | 5 |
| Zoning | Business/Commercial |
| Acreage | 0.07 |
Interior
| Heating | Boiler, Forced Air, Radiant |
|---|
Exterior
| Roof | Age Over 8 Years, Flat |
|---|---|
| Lot Features | Public Transit (w/in 6 blks), Corner Lot |
Parking
| Parking Features | Parking Lot |
|---|
Utilities
| Utilities | Electric Separate, Heating Separate, Hot Water Separate |
|---|
Taxes
| Property | 9880 |
|---|
Area Information
| State | MN |
|---|---|
| County | Ramsey |
| City | Saint Paul |
| Zip Code | 55130 |
| Area | 98 |
| Community Name | Denny Hill Add |
| School District | 625 |
| High School | St. Paul |
| Listing VS Median (in Denny Hill Add) | |
Price: $499,900 low | high Med: $435,000 sqft: 7,200 low | high Med: 5,280 $ / sqft: $69 low | high Med: $82 On site: 82 low | high Med: 171 | |
Market Activity 55130
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Learn More About This Property
| State | MN |
|---|---|
| County | Ramsey |
| City | Saint Paul |
| Zip Code | 55130 |
| Area | 98 |
| Community Name | Denny Hill Add |
| School District | 625 |
| High School | St. Paul |
| Listing VS Median (in Denny Hill Add) | |
Price: $499,900 low | high Med: $435,000 sqft: 7,200 low | high Med: 5,280 $ / sqft: $69 low | high Med: $82 On site: 82 low | high Med: 171 | |
