Courtesy of: Mark K Hulsey, RE/MAX Results, mark@resultscommercial.com
Courtesy of: Mark K Hulsey, RE/MAX Results, mark@resultscommercial.com
$3,650,000
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5 bed
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Lot: 0.49 Acres
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Other
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$3,650,000
664 Grand Avenue - Results Commercial is pleased to exclusively present this 10-Unit Mixed-Use Asset prominently located along highly desirable Grand Avenue in St. Paul with Parking! - Diversified & Stable Income Stream with a balanced mix of retail, office, and residential tenants, reducing overall investment risk - Retail Component Anchored By Mick's Bottle Shop and a new fully built-out Restaurant/Bar space (Russell's) - 5 Apartments Upstairs including (1) Studio, (3) 1 bedrooms, (1) 2 bedroom - 3 Fully Leased Offices on the 2nd Level with strong rental history - 43 Car Parking lot included in Sale - Recent Capital Improvements include extensive interior and exterior updates, highlighted by a high-quality complete Restaurant & Bar buildout completed approximately one year ago - Beautiful Turn-Key Restaurant/Bar Opportunity with significant upfront capital already invested. Ready for immediate operation (no-lease back) - Stabilized Cash Flow with all units leased except for the available restaurant/bar space - Value-Add Opportunity with vacant restaurant/bar space ideal for owner operator or lease-up - Reason for Sale: Building & Restaurant Owner Retiring - Ideal For investors seeking stable in-place income with upside or restaurant/bar operators seeking true turn-key potential - 11, 719 SF Above-Grade with 18, 851 SF Total Building Area including basement - Strong Grand Avenue Location with consistent foot traffic, established retailers, and affluent surrounding demographics
Courtesy of: Mark K Hulsey, RE/MAX Results, mark@resultscommercial.com
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