1246 University Ave W, St Paul, MN 55104
MULTIFAMILY For SaleYear Built: 1929
Floors: 4
Class: C
| Space | Size | Type | Pricing |
|---|---|---|---|
| Office and Potential Group Housing/ Rehabilitation Building for Sale | SALE | $3,750,000.00 |
Harrison Wagenseil, CCIM - CBRE - Minnesota
PHONE: 3076906388
PHONE: 3076906388
Gerald Driessen - CBRE - Minnesota
PHONE: 6123364310
+ Former Nuway site. Prior to that: BCA/State of MN + $4,995,000 offering price ($65.44/sf) + $3,750,000 new offering price ($48.38/sf). + 77,517sf gross per Ramsey County + 1929 Built then renovated multiple times + Surface parking lot on either side of the property with 78 stalls + Four floors. No lower level. Two elevators. Three stairwells + Two drive in garage total stalls estimated 3. Used more for equipment storage. + Diesel back-up generator. Fiber at building + Partially sprinklered. Boiler replaced 2019 + In patient rehabilitation center. Studs are up, bathrooms are roughed in” + Ceiling heights: 10.5-12 feet + 355 feet along University Ave. 191 feet deep. 1.561 acres + Zoning is T-4 Traditional Neighborhood. Construction type IIA; Occupancy Classification: Institutional I-1 Condition 2 + In Opportunity Zone - Zoning Code & Zoning Map + Near Lexington Station and Hamline Station (light rail), Super Target, Allianz Stadium. Good visibility on University Avenue + New residential housing projects next door and in the neighborhood (Twelve 22 Apartments; The Nine at Lexington Station; Hamline Station; Etc) + PID: 34-29-23-42-0002. + Seller: Nuway 1246 LLC. Non-profit owned + Large training rooms. Numerous conference rooms. Breakrooms + Was previously multi-tenant + Floors 1-3 move in condition office space + Near parks, schools, retail, restaurants, bus stops, other nonprofit headquarters, etc. + Signage opportunities + Buyer agents welcome + 14 existing restrooms on floors 1-3 plus additional planned on 4th floor + Capital spend on building: $2M + Designed for 42 beds on 4th floor plus expansion space