977 Payne Avenue, Saint Paul, MN 55130

• 4,200 sqft

Property Description

Exceptional mixed-use investment opportunity along the rapidly redeveloping Payne-Phalen corridor. This property stands out among others on Payne Avenue for its expandable upper-level space and strong value-add potential. The building currently includes well-maintained commercial space on the main level and an upper level that offers an incredible opportunity to build out additional office suites or even convert into a residential unit. The third-floor space already has existing plumbing and electrical infrastructure, making future construction more efficient and cost-effective. Investors and owner-operators have multiple paths to create value here, either by renovating and renting the existing upper-level offices, or by reconfiguring the layout to add two to three new office spaces. For those with a creative vision, the upper level could also be converted into a spacious apartment or mixed live-work setup. Whichever route is chosen, 977 Payne Ave offers significant upside and flexibility to tailor the property to maximize income and appreciation. Located in one of Saint Paul’s most energetic redevelopment corridors, this property benefits from proximity to major area investments, including the Hamm’s Brewery redevelopment, which will bring new housing, retail, and community gathering spaces, and the Latino Economic Development Center’s multi-million-dollar revitalization project, featuring a large event center, commercial kitchen, restaurants, and retail spaces. These transformative projects are driving renewed economic energy, consumer traffic, and property value growth along Payne Avenue. Positioned in the heart of this momentum, 977 Payne Ave offers an unbeatable opportunity to acquire a flexible, income-producing property with built-in expansion potential in a neighborhood on the rise.

Listing Status:

Active

Listing Office:

Keller Williams Premier Realty : 651-379-5252

MLS ID:

6806866

Interior

• Heating: Forced Air

Exterior

• Parking: On-Street Parking Only

Construction

• Roofing: Age 8 Years or LessAsphaltRolled/Hot Mop
• General: Three Or More

Location

• Originating MLS: northstar
• School District: St. Paul
• County: Ramsey

Lot

• Zoning: 292922130157
• Current Use: CommercialOfficeOther

Utilities

• Utilities: Electric SeparateHeating CommonHot Water Common
• Water: City Water/Connected
• Sewer: City Sewer/Connected

Financial

• Source: northstar

This listing courtesy of Keller Williams Premier Realty