1109, 1111, 1113 Como Place

Description

Rare opportunity to redevelop land in Saint Paul with views of Como Lake. Three adjacent residential lots to be sold together, ready for redevelopment. The property still has residential buildings on them that are assumed to be demolished by buyer in order to redevelop - 1109 Como Place has a duplex and three car garage, 1111 Como Place has a single family home with a one car garage, and 1113 Como Place has a duplex and two car garage. 1113 Como Place is currently on the City of St Paul's vacant property list for needed code compliance, which would be removed upon demolition. The Seller had plans to redevelop the property to a 4 story mixed user building and got the City of St Paul to surrender the street, Como Place, to the Seller (now titled portioned to each property). The Seller did not move forward with redevelopment plans due to the 2008 financial crisis. There is a small triangle lot owned by the City of St Paul, located between Como Place and Como Ave., that they may sell or allow inclusion in the redevelopment plans in some manner. The Seller did have permission to use this triangle lot as part of his plans as long as no structures were built on it and it remained accessible to the public - the original plan was to create a park/patio space with a fountain.