Map
Listed price in listed location currency (USD).
$560,000

340

MLS® 6808073

Overview

Key Facts

Type Business
Levels Commercial Sale
Size -
Garage 
Taxes $8,726
Days Active 210
Lot Size 0.055 Acres
Approx. Age 1888
MLS® Number 6808073

Property Address: 890 Payne Ave, Saint Paul, MN, 55130-4102

Average square foot calculated using Size range provided by listing agent.

Description

890 Payne Ave is a value-add mixed-use opportunity in Saint Paul’s Payne-Phalen corridor offering income today and upside through stabilization. The property features one street-level commercial space (laundromat) plus four apartments (three 1BR units and one studio). Current operations generate $70, 680 in effective gross income with NOI of approximately $36, 382, and the market pro forma projects about $79, 080 in effective gross income with NOI increasing to roughly $44, 782 (about +23%), assuming expenses remain near current levels (~$34, 298/year). The sale also includes the B2-zoned lot at 648 York Ave (~4, 836 SF), adding valuable optionality for off-street parking, signage, storage, or future expansion potential (subject to city approvals).
MLS® Number6808073
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1888
Basement
DrivewayOn-Street Parking Only, Parking Lot
Garage Spaces
HeatBoiler
A/C

Extras

Land

Map

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