612-359-1674
79 Western Ave N, Saint Paul, MN for Sale
Retail - FOR SALE
1/2
null | Request Cap Rate

79 Western Ave N
Saint Paul, MN 55102
Summit-University


HIGHLIGHTS

  • St. Paul’s Cathedral Hill is one of the most established communities in the Minneapolis-Saint Paul metro area.
  • Charming stores and iconic restaurants line the streets, and it blends beautifully with nearby neighborhoods.
  • The Greater MSP region is a hub for thriving companies.

OVERVIEW

Transwestern is pleased to offer a rare multifamily development opportunity in the exclusive Cathedral Hill neighborhood in St. Paul, Minnesota. Located minutes from both downtown St. Paul and downtown Minneapolis, the area’s walkable corridors combined with strong demographics and population density make for a unique neighborhood bustling with pedestrian foot traffic, shopping, dining, and entertainment options. The 0.92-acre property is partially improved with a 10,513 square foot building known as the Commodore Squash Club which can either be redeveloped or incorporated into a new development. The RM2 and RM3 zoning designations allow for dense multifamily development and ensures purchasers a streamlined entitlement process. The subject consists of two contiguous parcels totaling 0.92-acres. Parcel 01-28-23-24-0245 is a parking lot that is used by the Commodore Squash Club and Commodore Condo Association. Parcel 01-28-23-24-0290 contains the one-story plus basement Commodore Squash Club. The building measures approximately 10,513 square feet and can either be redeveloped or incorporated into a new development. A subsurface parking garage and first floor event space are separately owned and not included in the offering.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1924

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,709 SF

ZONING

RM2, RM3

APN/PARCEL ID

01-28-23-24-0245,01-28-23-24-0290

ASK ABOUT THIS PROPERTY

Frank RichieTranswestern Real Estate ServicesMore Info
612-359-1674

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Frank RichieTranswestern Real Estate ServicesMore Info
612-359-1674

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