$4,995,000 USD
612-336-4310
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. The seller is Nuway 1246 LLC, a nonprofit. Capital improvements total $2M. Signage opportunities and buyer agents are welcome.
FOR SALE DETAILS
PRICE
$4,995,000 USD
PRICE/SF
$64 USD /SF
CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Menlo Park
PROPERTY TYPE
Office
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
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612-336-4310
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612-336-4310
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