500 PINE ST

PID: 312922410220· 3 fields stubbed (see below)

Property Overview

Parcel ID312922410220

Lot Size33,541 sq ft (0.770 ac)

Lot Dimensions (est.)284 ft wide × 118 ft deep

Year Built—(stub)

Property ClassIND WAREHOUSE

OwnerMERITEX ENTERPRISES INC

Assessed Value$623,000

Land Value$202,300

Building Value$420,700

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

Dayton's Bluff Community 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 width284 ft

Buildable depth103 ft

Area~20,824 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 mid-rise concrete (50+ units) benchmarks for 20,824 sqft buildable area.

Est. units

208

Yield on cost

2.6%

Spread

-2.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
0 PINE ST	PINE STREET INVESTORS LLC	INDUSTRIAL, VACANT LAND	$87,500	144 ft
0 PINE ST	PINE STREET INVESTORS LLC	INDUSTRIAL, VACANT LAND	$60,000	164 ft
0 BALSAM ST	PINE STREET INVESTORS LLC	INDUSTRIAL, VACANT LAND	$25,800	184 ft
500 BROADWAY ST	BROADWAY STREET INVESTORS LLC	INDUSTRIAL, VACANT LAND	$169,000	252 ft
0 BROADWAY ST	PORT AUTHORITY OF ST PAUL	EXEMPT, VACANT LAND	$20,900	272 ft
0 PINE ST	MERITEX ENTERPRISES INC	COMMERCIAL VACANT LAND	$267,000	314 ft
480 BROADWAY ST	ANCHOR PAPER COMPANY	COMMERCIAL VACANT LAND	$14,400	330 ft
355 8TH ST E	MERITEX ENTERPRISES INC	IND WAREHOUSE	$11,837,800	336 ft
540 BROADWAY ST	LSBD ST PAUL BROADWAY LLC	APT OR COMPLEX 100+ UNITS	$27,361,800	351 ft
444 PINE ST	MERITEX ENTERPRISES INC	OFFICE BUILDING 1-2 STORIES	$1,111,400	426 ft

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.