$550,000
$596,000
7.7%For more information regarding the value of a property, please contact us for a free consultation.
981 University AVE W Saint Paul, MN 55104
0.34 Acres Lot
Key Details
Sold Price $550,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
Subdivision University Sub Of, Lots
MLS Listing ID 5218355
Sold Date 03/11/20
Year Built 1916
Annual Tax Amount $17,023
Tax Year 2019
Contingent None
Lot Size 0.340 Acres
Acres 0.34
Lot Dimensions 122x122
Property Sub-Type Business
Property Description
Opportunity Zone. Motivated Sellers! Redevelopment or existing building. 0.34 acre corner lot on University Ave & Chatsworth St., prime location, stand alone, Zoned T2 Traditional Neighborhood.
Current use is Bar/Tavern. Perfect retail environment. Easy access from University Ave & Chatsworth St., off street parking 23 spaces, on the Greenline Light Rail. The building has ~2,688 SF on main floor, ~2,688 SF in basement. Basement has dry storage, good access to mechanicals, plumbing and electrical, boiler system, ample electric, 2 water heaters, storage room, keg cooler, employee bathroom and breakroom/office area.
Improvements: HVAC, water heater, water meter pipes, exterior repairs to stucco and roof. Roof 14 years old.
This sale presents an opportunity for an Owner/User or Investor to purchase an asset in an extremely high growth area. Allianz Soccer Stadium has sparked new interest in the neighborhood with many planned redevelopment projects.
Location
State MN
County Ramsey
Zoning Business/Commercial
Rooms
Basement Full
Interior
Heating Boiler, Hot Water
Cooling Central Air
Fireplace No
Appliance Electronic Air Filter, Freezer, Refrigerator
Exterior
Parking Features Asphalt, Open
Utilities Available Electric Common, Heating Common, Hot Water Common
Roof Type Asphalt, Flat
Present Use Commercial, Food Service, Restaurant, Retail, Bar/Tavern
Building
Lot Description Public Transit (w/in 6 blks), Corner Lot
Foundation 2688
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Stucco, Wood Siding
Schools
School District St. Paul
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