With marked down prices, city hoping to sell vacant lots

In its third attempt at shedding vacant lots from its inventory, St. Paul's Housing and Redevelopment Authority have listed 27 vacant parcels around the city for sale.

That includes eight lots in the Dayton's Bluff area, eight in Payne Phalen, one in District 1 (Battle Creek and Sun Ray neighborhoods), and one in District 2 (Upper East Side).

Most parcels are single-family residential lots, and priced under $10,000 — they've all been reduced in price by 20 percent, after they didn't sell the first two times around, as per city policy.

These 27 lots represent the majority of buildable vacant lots the HRA still owns, aside from some commercial parcels and some plots currently housing community gardens. Most of the lots for sale are residential, but a few are zoned for commercial uses.

Though the first rounds of vacant lot sales saw some decent response from buyers, this one has not yielded any applications as of yet — applications will be accepted through Friday, Nov. 6.

Any individual can buy a lot; it's not limited to developers.

Applications prioritize buyers looking to build on the lots, but other eligible uses include buying the lots for a public benefit such as community gardens, pocket parks or plazas; shoring up the lot with an adjacent residential lot; and buying the lots for the purpose holding them as investments.

— Patrick Larkin


Rate this article: 
No votes yet
Comment Here