Lisa Menendez - Coldwell Banker Premier Group
1531 S Broadway
St Louis, MO 63104

Description

Own a pinnacle retail location in the heart of Soulard. The property is a 1 acre parcel at the entrance to Soulard across from Soulard farmers market, social house, DB's, jimmy johns, Lemp attractions, dominos pizza, bogarts, mission taco and much more. Variety of opportunities on this one: redevelop, redesign or keep the current retail tenant and collect a monthly check. The current building is a bit under 7000 sq ft with ample parking and comes with complete kitchen equipment and a walk in freezer. The tenant is on a long term lease and is fully paid and collected but can be vacated if a new owner wants to redevelop on the parcel. In addition the lease has an exclusion for Mardi gras allowing the owner to lease out the half acre in front to another restaurant owner or for parking. Get the best of both worlds: in place 8 cap+ return with tremendous upside for redevelopment. This one wont last long - call or email for a private tour.

Details

MLS#18087829
Sub-TypeResale
StatusActive
Year1976
Days On Site43

Features

SQ Feet6,804
Story(s)1
Zoningcommercial

Market Activity 63104

Loading Form

Loading Form

Area Information

StateMO
CountySt Louis City
CitySt Louis
Zip Code63104
AreaCentral East
Listing VS Median (in 63104)
Price:
$619,000
low | high
Med:
$223,900
100% of Average
SqFt:
6,804
low | high
Med:
2,263
100% of Average
$ / SqFt:
$91
low | high
Med:
$99
41.246511807207% of Average
On Site:
43
low | high
Med:
87
49.425287356322% of Average
Listing Updated: 12/14/2018
MLS Number: 18087829
Listing Provided By:
Sid Chakraverty  of  St. Louis Apartment Experts