Property Listing
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 Information
Status: Active
Sub Type: ********
List Price: $1,495,000
MLS#: 6808068
Current Price: $1,495,000
Address: 883 Payne Avenue, Saint Paul, MN 55130
City: Saint Paul
State: MN
Postal Code: 55130
Geo Lat: 44.967863
Geo Lon: -93.073832
Subdivision: Chas Weides Sub Of B35 Arling
County: Ramsey
Property Description
Year Built: 1906
Lot Size SqFt: 10704
Gen Tax: 22870
Specials Inst: 0
High School: St. Paul
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Total SqFt.: ********
Style: ********
Total Bedrooms: 5
Total Bathrooms: 4
Total Full Baths: ********
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Garage Stalls: 0
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