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$275,000
Est. payment /mo
2 Beds
2 Baths
2,526 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Holterhoff & Meads Add
MLS Listing ID 6806880
Bedrooms 2
Year Built 1900
Annual Tax Amount $5,986
Tax Year 2025
Contingent None
Lot Size 2,526 Sqft
Lot Dimensions 24 X 95
Property Description
Exceptional value-add investment opportunity in the heart of Saint Paul's rapidly revitalizing Payne-Phalen corridor. This three-unit mixed-use commercial property offers strong potential for investors or owner-operators looking to unlock value through upgrades and rent increases. All three units are currently functional but would benefit from modernization, allowing for substantial cash flow growth and appreciation. The property's prime location on Payne Avenue positions it perfectly to benefit from the area's ongoing transformation.
The Payne Avenue corridor is home to some of Saint Paul's most ambitious redevelopment efforts. The Hamm's Brewery redevelopment is set to bring new housing, retail, and community spaces to the area, while the Latino Economic Development Center's multi-million-dollar renovation will introduce a new event center, commercial kitchen, restaurants, and retail destinations, further energizing this historic commercial strip. As investment pours into the neighborhood, properties like this one stand to gain from increased visibility, higher tenant demand, and future appreciation.
Whether you're an investor seeking a solid long-term hold or an owner-operator looking to establish a business in a high-growth area, 1132 Payne Ave represents a rare opportunity to invest ahead of the curve. With the right vision and updates, this property can deliver impressive returns and become part of the East Side's next wave of revitalization.
Buyer agent to confirm all measurements.
The Payne Avenue corridor is home to some of Saint Paul's most ambitious redevelopment efforts. The Hamm's Brewery redevelopment is set to bring new housing, retail, and community spaces to the area, while the Latino Economic Development Center's multi-million-dollar renovation will introduce a new event center, commercial kitchen, restaurants, and retail destinations, further energizing this historic commercial strip. As investment pours into the neighborhood, properties like this one stand to gain from increased visibility, higher tenant demand, and future appreciation.
Whether you're an investor seeking a solid long-term hold or an owner-operator looking to establish a business in a high-growth area, 1132 Payne Ave represents a rare opportunity to invest ahead of the curve. With the right vision and updates, this property can deliver impressive returns and become part of the East Side's next wave of revitalization.
Buyer agent to confirm all measurements.
Location
State MN
County Ramsey
Zoning Business/Commercial
Interior
Heating Forced Air
Inclusions Building, Fixture/Equipment, Leases, Rental License
Fireplace No
Exterior
Parking Features Gravel, On-Street Parking Only
Utilities Available Electric Separate
Present Use Beauty/Barber Shop,Commercial,Residential
Building
Story Two
Foundation 2280
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
New Construction false
Schools
School District St. Paul
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Listed by William Schultz • Keller Williams Premier Realty
NEARBY SCHOOL & BUSINESS
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