$ 1,495,000
-
$1,495,000
Price -
5
Bed -
4
Bath -
12,156
SqFt -
0.25
Acre
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About the Listing 9705 - 502239675
Prime Payne Ave mixed-use opportunity with income now and upside later. 883 Payne Ave offers 7 total units including two street-level restaurant suites plus five apartments, all complemented by a rare on-site parking lot. Current operations generate $192,792 in gross/effective income with $88,315 NOI, and pro forma projections support $214,200 income and $109,723 NOI through improved rents and continued stabilization. High-visibility corridor location with long-term flexibility for investors seeking strong cash flow, value-add potential, and future redevelopment optionality. All tours require proof of funds and/or approval of financing. No same-day tours.
Listing Highlights
Interior Details
- Bedrooms: 5
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating: Boiler,Natural Gas
- Fireplaces:
- Floor:
- Basement:
- Other:
- Water: City Water/Connected
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 75 x 80
- Zoning: Business/Commercial
- Roof:
- Others:
- Sewer: City Sewer/Connected
- Parking Features: Paved Lot
Financial Details
- Tax Amount: $22,870
- Taxes w/Assessments: N/A
- Tax/Property ID: 292922420189
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
883 Payne Ave Saint Paul, MN 55130
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