977 Payne Avenue,Saint Paul, MN 55130
Saint Paul, MN 55130
Description
Exceptional mixed-use investment opportunity along the rapidly redeveloping Payne-Phalen corridor. This property stands out among others on Payne Avenue for its expandable upper-level space and strong value-add potential. The building currently includes well-maintained commercial space on the main level and an upper level that offers an incredible opportunity to build out additional office suites or even convert into a residential unit. The third-floor space already has existing plumbing and electrical infrastructure, making future construction more efficient and cost-effective.Investors and owner-operators have multiple paths to create value here, either by renovating and renting the existing upper-level offices, or by reconfiguring the layout to add two to three new office spaces. For those with a creative vision, the upper level could also be converted into a spacious apartment or mixed live-work setup. Whichever route is chosen, 977 Payne Ave offers significant upside and flexibility to tailor the property to maximize income and appreciation.Located in one of Saint Paul’s most energetic redevelopment corridors, this property benefits from proximity to major area investments, including the Hamm’s Brewery redevelopment, which will bring new housing, retail, and community gathering spaces, and the Latino Economic Development Center’s multi-million-dollar revitalization project, featuring a large event center, commercial kitchen, restaurants, and retail spaces. These transformative projects are driving renewed economic energy, consumer traffic, and property value growth along Payne Avenue.Positioned in the heart of this momentum, 977 Payne Ave offers an unbeatable opportunity to acquire a flexible, income-producing property with built-in expansion potential in a neighborhood on the rise.
Details
| MLS # | 6806866 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1884 |
| Days On Site | 285 |
| Listing Provided By | Keller Williams Premier Realty | William Schultz |
Features
| Bath(s) | 4 |
|---|---|
| SQ Feet | 4,200 |
| Units | 5 |
| Zoning | Business/Commercial |
| Acreage | 0.03 |
Interior
| Heating | Forced Air |
|---|
Exterior
| Roof | Age 8 Years or Less, Asphalt, Rolled/Hot Mop |
|---|---|
| Construction Materials | Brick/Stone |
Parking
| Parking Features | On-Street Parking Only |
|---|
Utilities
| Utilities | Electric Separate, Heating Common, Hot Water Common |
|---|
Taxes
| Property | 9640 |
|---|
Area Information
| State | MN |
|---|---|
| County | Ramsey |
| City | Saint Paul |
| Zip Code | 55130 |
| Area | 98 |
| Community Name | J R Weide Re L28 30b15 L1 2b16 |
| School District | 625 |
| High School | St. Paul |
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Listings courtesy of Northstar MLS as distributed by MLS GRID.
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Learn More About This Property
| State | MN |
|---|---|
| County | Ramsey |
| City | Saint Paul |
| Zip Code | 55130 |
| Area | 98 |
| Community Name | J R Weide Re L28 30b15 L1 2b16 |
| School District | 625 |
| High School | St. Paul |
