952-924-4600
360-374 Bernard St W, West Saint Paul, MN for Sale
Storefront - FOR SALE
1/4
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360-374 Bernard St W
West Saint Paul, MN 55118


HIGHLIGHTS

  • Significant Value-Add Opportunity - This property provides flexibility for an investor to implement a comprehensive lease-up strategy
  • Offered Well Below Replacement Cost - Acquire this well-located retail asset at a price point substantially lower than current construction costs
  • Intersection & Access Advantage - Positioned at a signalized intersection & dedicated turn lanes, the property boasts the “hard corner” infrastructure
  • Gateway to Downtown St. Paul - Located just 2.5 miles from downtown St. Paul, the site acts as a key thoroughfare node
  • Redevelopment Optionality - The site’s footprint and zoning flexibility make it an ideal candidate for long-term “highest and best use” strategies
  • Proven High-Density Trade Area - The site captures a massive, established residential customer base with over 107,000 high income households in 3-mile

OVERVIEW

CBRE is pleased to exclusively present the opportunity to acquire Doddway Shopping Center (the “Property”), a compelling value-add retail investment located at 374 Bernard Street West in West Saint Paul, Minnesota. Situated on approximately 3.0 acres at the highly visible intersection of Smith Ave S and Dodd Road, the Property consists of a 38,000-square-foot neighborhood shopping center strategically positioned just 2.5 miles south of Downtown Saint Paul. For decades, Doddway Shopping Center served as a dominant neighborhood retail destination anchored by Oxendale’s Market. Following the recent closure of the grocery store, the Property now offers investors a rare opportunity to acquire a professionally maintained retail asset at a significant discount to replacement cost with immediate flexibility to execute a comprehensive repositioning, lease-up, or long-term redevelopment strategy. Currently approximately 10% occupied, Doddway Shopping Center represents a true blank canvas. Unlike many value-add retail investments burdened by legacy leases, the Property allows a new owner to immediately reimagine the tenant mix, modernize the physical improvements, or pursue a higher-and-better-use redevelopment without significant lease constraints. Whether repositioned as a modern neighborhood shopping center, converted to a service-oriented retail or medical destination, or incorporated into a future mixed-use redevelopment, the Property offers exceptional optionality in one of the Twin Cities’ most established infill locations. The surrounding trade area provides a strong foundation for future investment. More than 313,000 residents live within a five-mile radius, including nearly 107,000 residents within three miles, providing an exceptional built-in customer base for future retail users. The Property benefits from its location along the Smith Avenue corridor, one of the primary north-south routes connecting West Saint Paul with Downtown Saint Paul, while also serving the surrounding residential neighborhoods that have supported the center for generations. Adding to the long-term investment thesis, the Property is located within the City’s Smith/Dodd Small Area Plan, which identifies the intersection as a gateway redevelopment district and envisions continued investment through infrastructure improvements, enhanced pedestrian connectivity, and future mixed-use development. Recent public investment in the realignment of the Smith/Dodd intersection further reinforces the City’s long-term commitment to this corridor and enhances the area’s redevelopment potential. Doddway Shopping Center presents investors with a rare combination of below-replacement-cost basis, exceptional redevelopment flexibility, strong underlying demographics, and significant long-term upside. Opportunities to acquire infill retail properties of this scale with immediate repositioning potential are increasingly scarce throughout the Twin Cities metropolitan area, making Doddway Shopping Center a compelling opportunity for value-add investors, developers, and long-term capital seeking to unlock the full potential of a well-located retail asset.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Doddway Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

162

LAND DETAILS

CROSS STREETS

S Smith Ave & Dodd Rd

LAND ACRES

3.1 AC

LAND SF

135,036 SF

ZONING

-

APN/PARCEL ID

42-01800-30-010,42-04400-03-010,42-23750-01-030,42-23750-01-080

ASK ABOUT THIS PROPERTY

Sean DoyleCBREMore Info
952-924-4600

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Sean DoyleCBREMore Info
952-924-4600

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