506 PETIT ST

PID: 322922240069· 3 fields stubbed (see below)

Property Overview

Parcel ID322922240069

Lot Size2,614 sq ft (0.070 ac)

Lot Dimensions (est.)40 ft wide × 62 ft deep

Year Built—(stub)

Property ClassRESID/EXEMPT VACANT LAND

OwnerHOUSING AND REDEV AUTHORITY

Assessed Value$5,300

Land Value$5,300

Building Value$0

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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 width40 ft

Buildable depth47 ft

Area~416 sqft

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

Development Feasibility

Potentially Feasible

Back-of-envelope estimate based on sfr / adu benchmarks for 416 sqft buildable area.

Est. units

Yield on cost

8.8%

Spread

+3.3%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
502 PETIT ST	HOUSING AND REDEV AUTH ST PAUL	RESID/EXEMPT VACANT LAND	$5,300	39 ft
508 PETIT ST	HOUSING AND REDEVELOPMENT	RESID/EXEMPT VACANT LAND	$5,800	44 ft
503 KENNY RD	RECOVERY FIRST LLC	SINGLE FAMILY DWELLING, PLATTED LOT	$220,000	76 ft
499 KENNY RD	DNZ LLC	COMMERCIAL VACANT LAND	$29,400	83 ft
507 KENNY RD	DNZ LLC	TWO FAMILY DWELLING - UP/DWN	$204,300	89 ft
539 PAYNE AVE	ROBYN L COURNOYER	MIXED RESID/COMMERCIAL	$246,800	96 ft
509 PETIT ST	CMB PROPERTIES LLC	SINGLE FAMILY DWELLING, PLATTED LOT	$212,100	98 ft
495 KENNY RD	DADDERS ESTATES LLC	MIXED RESID/COMMERCIAL	$835,800	115 ft
515 KENNY RD	DNZ LLC	COMMERCIAL VACANT LAND	$44,000	116 ft
500 HOPKINS ST	BB HOUSING ASSOCIATES LLC	TWO FAMILY DWELLING - UP/DWN	$251,600	134 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.