THOMAS AVENUE BUSINESS/INDUSTRIAL CENTER | ST. PAUL

Property ID : 35.29.23.22.0188

For Lease/Sale $850,000.00 Cash

Thomas Avenue Business/Industrial Center in St. Paul is a fantastic redevelopment site.   It is ideal for multi-family or even an auto repair use.  This building is located in an Opportunity Zone, which would offer Favorable Capital Gains Treatment.  There is also easy access to I-94, I-35E, University Avenue and Minneapolis/St. Paul CBD’s.

TOTAL BUILDING SIZE: 14,674 square foot one-story office/warehouse building

AVAILABLE SQ. FT.: 14,674 square foot

PID: 35.29.23.22.0188

SITE SIZE: 0.63 Acres

SALE PRICE: $850,000

NET RENTAL RATE: $8.00 per square foot office, $4.00 per square foot warehouse

2018 REAL ESTATE TAXES: $19,236

ZONING: B3-Business

LOADING: Two (2) drive-in doors

YEAR BUILT: Office: 1919 | Garage: 1949

CONSTRUCTION: Office: Masonry | Garage: Metal

AVAILABLE: March 2019

ACCESS: From I-94, I-35E or University Avenue

COMMENTS:
►Located within Opportunity Zone-Favorable Capital Gains Treatment
►Possible site for multi-family redevelopment
►Below market rents
►Close proximity to downtown St. Paul CBD
►Ideal for transportation center

Additional Details

  • Total Space Available: 14,674 SF
  • Maximum Contiguous SF: 14,674 SF
  • Rent Rate OFC: $8.00
  • Rental Rate WHSE: $4.00
  • Lot Size: .63 Acres
  • Year Built: 1919/1949

Features

Property Map

Agent John Young, CCIM

  • Office : 952-854-5067
  • Mobile : 651-216-6565

Over 20 years of experience in real estate development and consulting give John the skills…
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Agent Joseph Schultz

  • Office : 952-854-8309
  • Mobile : 651-500-7988

Joseph Schultz is motivated to be a great resource for his clients.  He is a…
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