79 Western Ave N
Saint Paul, MN 55102
Retail Property For Sale
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INVESTMENT HIGHLIGHTS
- St. Paul’s Cathedral Hill is one of the most established communities in the Minneapolis-Saint Paul metro area.
- The Greater MSP region is a hub for thriving companies.
- Charming stores and iconic restaurants line the streets, and it blends beautifully with nearby neighborhoods.
EXECUTIVE SUMMARY
Transwestern is pleased to offer a rare multifamily development opportunity in the exclusive Cathedral Hill neighborhood in St. Paul, Minnesota. Located minutes from both downtown St. Paul and downtown Minneapolis, the area’s walkable corridors combined with strong
demographics and population density make for a unique neighborhood bustling with pedestrian foot traffic, shopping, dining, and entertainment options. The 0.92-acre property is partially improved with a 10,513 square foot building known as the Commodore Squash
Club which can either be redeveloped or incorporated into a new development. The RM2 and RM3 zoning designations allow for dense multifamily development and ensures purchasers a streamlined entitlement process.
The subject consists of two contiguous parcels totaling 0.92-acres. Parcel 01-28-23-24-0245 is a parking lot that is used by the Commodore Squash Club and Commodore Condo Association. Parcel 01-28-23-24-0290 contains the one-story plus basement Commodore Squash Club. The building measures approximately 10,513 square feet and can either be redeveloped or incorporated into a new development. A subsurface parking garage and first floor event space are separately owned and not included in the offering.
demographics and population density make for a unique neighborhood bustling with pedestrian foot traffic, shopping, dining, and entertainment options. The 0.92-acre property is partially improved with a 10,513 square foot building known as the Commodore Squash
Club which can either be redeveloped or incorporated into a new development. The RM2 and RM3 zoning designations allow for dense multifamily development and ensures purchasers a streamlined entitlement process.
The subject consists of two contiguous parcels totaling 0.92-acres. Parcel 01-28-23-24-0245 is a parking lot that is used by the Commodore Squash Club and Commodore Condo Association. Parcel 01-28-23-24-0290 contains the one-story plus basement Commodore Squash Club. The building measures approximately 10,513 square feet and can either be redeveloped or incorporated into a new development. A subsurface parking garage and first floor event space are separately owned and not included in the offering.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Building Size
10,513 SF
Building Class
C
Year Built
1924
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
0.89 AC
Zoning
RM2, RM3 - Dense multifamily development
Frontage
229 FT on Western Avenue North
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $44,700 | |
Land Assessment | $258,900 | Total Assessment | $303,600 |