612-336-4310
1246 University Ave W, Saint Paul, MN for Sale
Specialty - FOR SALE
1/9
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1246 University Ave W
Saint Paul, MN 55104
Lexington-Hamline North


HIGHLIGHTS

  • Located near Lexington Station & Hamline Station (light rail), Super Target, & Allianz Stadium.
  • The property has good visibility on University Ave.
  • There are new residential housing projects next door & in the neighborhood -Twelve 22 Apartments; The Nine at Lexington Station; Hamline Station; etc.
  • Located near parks, schools, retail, restaurants, bus stops, other nonprofit headquarters, etc.

OVERVIEW

Offered at $4,995,000 ($65.44/sf), this 77,517 sf property—formerly Nuway site and previously BCA/State of MN—is located on 1.561 acres with 355 feet of frontage along University Avenue. The four story property was built in 1929 and has been renovated multiple times. NOTE THAT IT IS APPROVED AS A DETOX CENTER AND FOR RESIDENTIAL USE. The fourth floor is mid-way through construction to a residential chemical dependency and mental health treatment program-residence for more that 16 residents, I-1 Condition 2. seller is Nuway 1246 LLC, a nonprofit. Capital improvements total $2M. Signage opportunities and buyer agents are welcome. Other residential uses also allowed.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Menlo Park

PROPERTY TYPE

Specialty

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1929

SPRINKLERS

-

PARKING SPACES

78

LAND DETAILS

LAND ACRES

1.56 AC

LAND SF

67,954 SF

ZONING

T4

APN/PARCEL ID

34-29-23-42-0002

ASK ABOUT THIS PROPERTY

Gerald DriessenCBRE, Inc.More Info
612-336-4310

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Gerald DriessenCBRE, Inc.More Info
612-336-4310

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.