Overview

Description

1st Floor: Occupied by Dental Group

2nd Floor Unit A and B: Available For Lease!

This stable, easy-to manage office building is located right off the corner of the Watson-Chippewa divide. Sitting less than 1-mile south of I-44, a major interstate, and only two doors down from the neighborhood favorite, Blueprint Coffee Café, this investment opportunity is being offered to the market anchored with a long-term dental practice at a 7.5% Cap Rate.

Building was fully renovated in 2012 which also included the brand-new construction of a 1,500 S.F. addition to accommodate the anchor tenant’s growing business.

Combining location, stability, low-maintenance, high traffic counts, and strong demographics withing a 1, 3 and 5-mile radius, all creates an opportunity to access instant cash-flow starting day one of closing. At under $1M purchase price, puts this opportunity in reach for the first-time commercial property investor as well as an excellent addition to already established portfolio.

Highlights

• Built in 1961 and Renovated in 2012
• 12 Parking Spaces Available
• Zoned F: Neighborhood Commercial
• Located on the busy intersection of Watson Rd and Chippewa St in St. Louis City

2 Spaces Available

Documents

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