

Listed by NAI Gateway Commercial
$199,900
1001 Payne Ave
Details
Property Type Retail, Office
Sub Type Executive Office
Square Footage 17,000
Tenancy Vacant
Price per SqFt $23
Year Built 1900
Stories 3
Zoning Commercial 3A
Retail | 17,000 SqFt
Marketing description
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. *aul 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:9
Investment highlights
- Main floor support beam = $ 40,000
- Demolition = $100,000
- Roof update = $40,000
- Asbestos clean up = $13,000
Listing Contacts


Listed by NAI Gateway Commercial
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage Address
Is there information that looks off?














