$895,000 / 8br - 20038ft² - .46 acre Development site in St Paul off of University Ave For Sale! (Marriam Park/Lexington-Hamline)

1738 University Ave W, St Paul, MN 55104

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1738 University Ave W near N Herschel Street

8BR / 8Ba 20038ft² available now

apartment

w/d hookups

off-street parking

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Unleash Your Vision in St. Paul’s Hottest Redevelopment Hub! Six prime parcels all conjoining (Pid#'s are 332923420006, 332923420008, 332923420009, 332923420010, 332923420011, 332923420012), spanning 0.46 acres or 20,038 sq ft of land, perfectly perched along the vibrant Green Line Light Rail. Zoned T3+ for maximum development flexibility, this is your canvas for innovation! Just a stone’s throw from Allianz Field, Fairview Ave and Penn Ave Stations, the University of Minnesota Campus, and the bustling Midway district—all within a mile. Seize this electrifying opportunity for transit-oriented brilliance! Property currently consists of 2 mixed use commercial buildings, 1 duplex, 1 single family, and parking lot.

Current Monthly rent (must be verified prior to closing): $1800 (1744 University Single Family home), $2000 (1738 University Duplex, total for both units), $1150 (471 Herschel lower unit commercial space), $950 (1728 University upper residential unit), $1000 (1730 University upper residential unit ), (1 vacancy is lower commercial unit of 1730 University) = $6,900 per month.

Sec. 66.314. - Intent, T3 traditional neighborhood district.
The T3 traditional neighborhood district provides for higher-density pedestrian- and transit-oriented mixed-use development. It is designed for development or redevelopment of land on sites large enough to support:

(a)

A mix of uses, including residential, commercial, civic and open space uses in close proximity to one another;

(b)

A mix of housing styles, types and sizes to accommodate households of varying sizes, ages and incomes;

(c)

A system of interconnected streets and paths that offer multiple routes for motorists, pedestrians and bicyclists, and are connected to existing and future streets;

(d)

A system of open space resources and amenities; and incorporation of environmental features into the design of the neighborhood.

The T3 district is also intended for smaller sites in an existing mixed-use neighborhood center where some of the above elements already exist, or in an area identified in the comprehensive plan as a potential "urban village" site. The above elements may be found within the T3 district or adjacent to it; the intent is that all would be present within a reasonable walking distance.

(Ord. No. 11-27, § 1, 4-20-11)

post id: 7899698289

posted: 2025-12-02 11:58

updated: 2026-01-07 10:10

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