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883 Payne Avenue, Saint Paul, MN 55130
STATUS: Active
PROPERTY TYPE: Commercial - Business
SUBDIVISION: Chas Weides Sub Of B35 Arling
SCHOOL: St. Paul
Property Description
Prime Payne Ave mixed-use opportunity with income now and upside later. 883 Payne Ave offers 7 total units including two street-level restaurant suites plus five apartments, all complemented by a rare on-site parking lot. Current operations generate $192,792 in gross/effective income with $88,315 NOI, and pro forma projections support $214,200 income and $109,723 NOI through improved rents and continued stabilization. High-visibility corridor location with long-term flexibility for investors seeking strong cash flow, value-add potential, and future redevelopment optionality. All tours require proof of funds and/or approval of financing. No same-day tours.
Property Features
Property Type: Commercial - Business Fuel Type: Natural Gas Heating: Boiler Lot Size: 0.25 Acres Stories: 2.0 Taxes: $22,870 Year Built: 1906
Feature Descriptions
Current Use: Commercial, Residential, Restaurant
Days on Site: 46
Foundation Size: 5460
Lot Dimensions: 75 x 80
Parcel#: 292922420189
Parking: Paved Lot
Sale Includes: Land
Sewer: City Sewer/Connected
Units: 7
Utilities: None Available
Water: City Water/Connected
Local Schools
School District: St. Paul
Listed By / Shown By
Agency Name: Keller Williams Premier Realty
Agency Phone: 651-379-5252
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883 Payne Avenue | MLS# 6808068
This commercial property located at 883 Payne Avenue, Saint Paul, MN 55130 is currently listed for sale with an asking price of $1,495,000. Payne Avenue is located within the St. Paul school district. Search Saint Paul real estate on scarlson.counselorrealty.com today.