1001 Payne Ave, St Paul, MN 55130

Investment Overview

This building provides a great opportunity for a new owner to purchase it and complete the build-out based on their desired use, and in turn, create significant sweat equity. The current owners started the renovation but were unable to finish it, providing a great opportunity for a future owner. This building can be used as retail, restaurant, adult daycare, gathering hall, or any other approved use under the zoning (3A Commercial Land and Building). The building is located in the heart of the East Side of St. Paul, an area that has been growing, with significant new development and strong drive-by traffic. The current owners have completed the following work: First-floor beam – $40,000 Demolition – $100,000 Roof update – $40,000 Asbestos cleanup – $13,000

Investment Highlights

• • Location is lively and is booming with diverse cultures.
• • Many successful businesses around the area starting with eateries, pubs, coffee shops, groceries, US Bank directly in front of the building for your business needs, off street parking and bus transportation.