0 OLIVE ST

PID: 312922140076· 3 fields stubbed (see below)

Property Overview

Parcel ID312922140076

Lot Size26,572 sq ft (0.630 ac)

Lot Dimensions (est.)160 ft wide × 166 ft deep

Year Built—(stub)

Property ClassINDUSTRIAL, VACANT LAND

OwnerMERITEX LAFAYETTE PARK LLC

Assessed Value$294,800

Land Value$294,800

Building Value$0

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Qualified Census Tract (QCT)High

Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.

HUD — LIHTC Qualified Census Tracts ↗

Potential programs

Saint Paul STAR Grants & LoansMedium

Saint Paul's Sales Tax Revitalization (STAR) program provides grants and loans for commercial, mixed-use, and neighborhood improvement projects. Applications accepted annually.

Saint Paul — STAR Program ↗

LIHTC 30% Basis BoostMedium

Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.

HUD — LIHTC Qualified Census Tracts ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

No permits found in Saint Paul open data for this parcel.

Neighborhood Profile

Payne-Phalen District 5 Planning Council · Saint Paul

Median reported rent1,099/mo

Renter-occupied41.8%

Median home value$190K

Vacancy rate7.3%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 330

Zoning

I1Light Industrial

Light Industrial — low-impact manufacturing and warehousing

Typical Uses

·Light manufacturing
·Warehousing
·Bus/rail facilities
·Gun shops
·Food production

Max Height50 ft

Min Setbacks

Front

0 ft

Side

0 ft (6 ft if adj. residential)

Rear

0 ft (6 ft if adj. residential)

Development Potential

Setbacks

Front15 ft

Side (each)0 ft

Rear0 ft

Estimated Buildable Footprint

Buildable width160 ft

Buildable depth151 ft

Area~17,460 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Likely Infeasible

Back-of-envelope estimate based on 5-over-1 podium (12–50 units) benchmarks for 17,460 sqft buildable area.

Est. units

127

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
0 OLIVE ST	MERITEX ENTERPRISES INC	COMMERCIAL VACANT LAND	$30,400	97 ft
616 PINE ST	ZUSE LLC	IND WAREHOUSE	$1,253,300	121 ft
628 PINE ST	GEMINI LLC	IND WAREHOUSE	$674,100	139 ft
384 13TH ST	SCHMIDT DISPOSAL AND RECYCLING KELLIE L SCHMIDT	IND WAREHOUSE	$412,300	228 ft
388 13TH ST E	RAMSEY COUNTY PROPERTY MGMT	EXEMPT PROP. OWNED BY COUNTY	$1,493,400	285 ft
350 UNIVERSITY AVE E	BMM PROPERTIES LLC	IND WAREHOUSE	$1,751,700	300 ft
0 OLIVE ST	CITY OF ST PAUL	EXEMPT, VACANT LAND	$524,500	369 ft
355 UNIVERSITY AVE E	HEALTH PARTNERS REAL ESTATE	INDUSTRIAL, VACANT LAND	$143,600	391 ft
570 PINE ST	ANCHOR PAPER CO	IND WAREHOUSE	$1,945,400	423 ft
603 PINE ST	STATE OF MN ADMIN	EXEMPT PROP. OWNED BY STATE OF MN	$860,200	425 ft

Property History

Most Recent Sale

Date2012-06-15

Price$27,250,000

Type—

Stub notice: The following fields could not be fetched from live sources and are shown as "—": taxHistory, taxAmount, yearBuilt. See README for details on which sources are live vs. stubbed.