Doddway Shopping Center 374 Bernard Street West

+ Significant Value-Add Opportunity
Currently featuring high vacancy, this property provides flexibility for an investor to implement a comprehensive lease-up strategy, stabilize the asset, and significantly enhance Net Operating Income (NOI).
+ Offered Well Below Replacement Cost
Acquire this well-located retail asset at a price point substantially lower than current construction costs, providing a superior basis for long-term hold or redevelopment strategies.
+ Intersection & Access Advantage
Positioned at a signalized intersection with dedicated turn lanes, the property boasts the “hard corner” infrastructure that is nearly impossible to permit or replicate in a mature, densely populated market like West St. Paul.
+ Gateway to Downtown St. Paul
Located just 2.5 miles from downtown St. Paul, the site acts as a key thoroughfare node. The Smith/Dodd intersection is a primary transit artery, ensuring high visibility and consistent daily traffic counts from commuters moving to and from the urban core.
+ Redevelopment Optionality
The site’s footprint and zoning flexibility make it an ideal candidate for long-term “highest and best use” strategies, including potential multi-family housing integration. With residential demand remaining robust in the Twin Cities, this represents an implicit land-banking play with near-term retail yield potential.
+ Total “Blank Canvas” Flexibility
With the property currently at ~10% occupancy, a new owner is not encumbered by restrictive long-term leases. This allows for immediate architectural and tenant-mix re-imagination, enabling the site to be tailored to current market demands rather than legacy configurations.
+ Deep Discount to Replacement Cost
The property is being offered well below its current replacement cost. This “capital-light” entry point provides a significant margin of safety, allowing the new owner to direct capital toward high-ROI cosmetic upgrades, facade modernization, and site improvements rather than just carrying costs.
+ Proven High-Density Trade Area
The site captures a massive, established residential customer base with over 107,000 high income households within a 3-mile radius.
+ Intersection & Access Advantage
Positioned at a signalized intersection with dedicated turn lanes, the property boasts the “hard corner” infrastructure that is nearly impossible to permit or replicate in a mature, densely populated market like West St. Paul.
+ Prime Repositioning Potential
The site is ideally positioned for value-add repositioning, allowing a new owner to modernize the tenant mix, upgrade common areas, or pivot toward a hybrid retail/mixed-use configuration to match current market demands.
+ Proximity to Twin Cities Metro
Benefit from the accessibility of the broader Twin Cities metropolitan area while maintaining the community-focused advantages of the West Saint Paul submarket, striking a balance between convenience and local market stability.