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In-PersonVirtual Tour
$ 1,495,000
Est. payment | /mo
5 Beds
4 Baths
10,704 Acres Lot
$ 1,495,000
Est. payment | /mo
5 Beds
4 Baths
10,704 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Chas Weides Sub Of B35 Arling
MLS Listing ID 6808068
Bedrooms 5
Year Built 1906
Annual Tax Amount $22,870
Tax Year 2025
Contingent None
Lot Size 10704.000 Acres
Lot Dimensions 75 x 80
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.
Location
State MN
County Ramsey
Zoning Business/Commercial
Interior
Heating Boiler
Inclusions Land
Fireplace No
Exterior
Parking Features Paved Lot
Utilities Available None Available
Present Use Commercial,Residential,Restaurant
Building
Story Two
Foundation 5460
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
New Construction false
Schools
School District St. Paul
Listed by William Schultz • Keller Williams Premier Realty
Nearby Locations
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Tom Ott
REALTOR® | Lic# 590400