1321 FROST AVENUE
1321 Frost Avenue, Saint Paul (Maplewood), 55109, MN
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Price: $975,000
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Status type: For Sale
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City: Saint Paul (Maplewood)
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Neighborhood: Gladstone, Ramsey Co, , Minn
Bedrooms: 0
Property Size :0
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Listing Agent: NST16765,NST99661
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Property type : Retail
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Zip code: 55109
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Street: 1321 Frost Avenue
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Street: 1321 Frost Avenue
Bathrooms: N/A
Year: 1960
Listing Brokerage: Keller Williams Premier Realty
DETAILS
Prime investment opportunity: fully leased 6-unit strip mall in Maplewood. This thriving community is undergoing significant development, including three new multi-family buildings with over 150 units, promising increased foot traffic and business growth. The strip mall boasts a 7% cap rate offering excellent returns with 100% occupancy and no vacancies. A long-standing laundromat, a local staple since the 1960's, ensures tenant stability and consistent patronage. This property guarantees immediate rental income from its fully leased units. Located in a bustling area with growing infrastructure, the strip mall is set to benefit from the influx of new residents and shoppers. The property includes a rare onsite well, eliminating city water bills and reducing costs to just outgoing sewer expenses. This investment promises long-term growth and solid return, making it a perfect addition to your portfolio. Don't miss out on this fantastic opportunity in Maplewood.
INTERIOR
Bedrooms: N/A
Fin ft² / Living Area: N/A
Below Ground Living: N/A
Bathrooms: N/A
Above Ground Living: N/A
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Basement Details: Full,
Appliances Included:
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EXTERIOR
Air Conditioning: Central Air
Garage Spaces: N/A
Construction Materials: N/A
Foundation Size: 4956ft²
Unit Amenities:
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- Security System
- Cable
Heating System:
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- Forced Air
LOT
Acres: N/A
Lot Size Dim.: 1
Longitude: 44.9996
Latitude: -93.0448
Zoning: Business/Commercial
FINANCIAL & TAXES
Tax year: 2024
Tax annual amount: $17,584
MISCELLANEOUS
Fuel System: N/A
Sewer System: City Sewer/Connected
Water System: City Water - In Street,Well
ADITIONAL INFORMATION
MLS#: NST7598147
Listing Brokerage: Keller Williams Premier Realty
ID: 2977674
Published: May 28, 2024
Last Update: May 28, 2024
Views: 48
