LISTING Commercial Property For Sale

St Paul 55106 - 0.22 Acres

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Property Description

$949,900  |  Commercial # 5700091  |  1144 Arcade - St Paul, LISTING

OPPORTUNITY TO MAKE A SINGLE PURCHASE WITH 10 SOURCES OF INCOME, FULLY LEASED. 4 COMMERCIAL SUITES, 4 RESIDENTIAL APARTMENTS, A SINGLE FAMILY HOME AND COMMERCIAL SIGNAGE ON ROOF. EACH HAS A LEASE IN PLACE EARNING OVER $100,000 A YEAR WITH RENEWAL FOR BILLBOARDS COMING AND OPPORTUNITIES FOR RENT INCREASES IN SPRING. ALL RESIDENTIAL UNITS AND HOME WERE REFURBISHED 2 YEARS AGO, AND ALL COMMERCIAL LEASES HAVE RENEWED. UPDATED MECHANICALS AND SYSTEMS. THIS IS A WALK ON PART, IMMEDIATE INCOME. 2ND FLOOR HAS 4 APARTMENTS WITH DUAL ACCESS. MAIN FLOOR STOREFRONTS HAVE DIRECT ACCESS AND SIGNAGE, COMPLETELY BUILT OUT WITH LONG TIME TENANTS (2ND TENANT HAS GROWN TO ENCOMPASS THE 3RD SUITE AS WELL). 2 BILLBOARDS WITH LONG TERM CONTRACTS. ALL LEASES AND CHATTEL ARE FULLY TRANSFERABLE AT CLOSING. EXCELLENT LOCATION, BRAND NEW DEVELOPMENTS OF LAST FEW YEARS, RETAIL HAVE FILLED ADJACENT LOTS ON NORTH. THESE INCLUDE CVS, WALGREENS, BRAND NEW STRIP & RESTAURANTS. INVESTORS ARE SPENDING HERE.

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$949,900  |  Commercial # 5700091  |  1144 Arcade - St Paul, LISTING

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$949,900  |  Commercial # 5700091  |  1144 Arcade - St Paul, LISTING

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Re: $949,900  |  Commercial # 5700091  |  1144 Arcade - St Paul, LISTING

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