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Listing Details
- $1,495,000
- MLS# 6808068
- Type Commercial - Business
- Status Active
Listed By
Agency Name: Keller Williams Premier Realty
Agency Phone: 651-379-5252
Shown By
Agency Title: Town & Country Realty
Agency Phone: (701) 293-3333
Home Value Estimate
Description
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. ...read more
Features
- Heating: Boiler
- Stories: 2.0
- Taxes: $22,870
- Water: City Water/Connected
- Year Built: 1906
Gallery
Listed By
Agency Name: Keller Williams Premier Realty
Agency Phone: 651-379-5252
Shown By
Agency Title: Town & Country Realty
Agency Phone: (701) 293-3333
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