Free-Standing Crestwood Commercial Building For Sale/Lease

9147 Watson Road, St. Louis, MO

$999,999

Price

7.8%

Pro Forma Cap Rate

$54,582

NOI

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Street
Map
Overview
Pro Forma Cap Rate
7.8%
NOI
$54,582
Building Size
5,028 sqft
Lot Area
0.96 acres
Class
C
Units
4
Lease Type
Modified Gross
Price Per Sqft
$14
Zoning
C1
Year Built
1955
Tenancy
Multiple
Floors
2
Parking Spots
45
Gross Leaseable Area
5208
Roof
New TPO 2020
HVAC
Package Rooftop
Restrooms
2
CeilingHeight
8
Investment Strategy
Value Add
Description

For Sale or Lease
Free-standing 5028 SF Commercial Office/Retail/Medical/Lab Building situated on a 41,950 SF lot on Watson Road. The property is located east of the former Crestwood Plaza at the signalized intersection of Watson Industrial Park and is easily accessible from the west via U-Turn Lane.

Ground floor opportunity to own or lease an affordable Office or Boutique Retail/Restaurant in a unique “neighborhood” community before the development of the Crestwood Plaza inflates the land values of the neighboring commercial properties. The entire property is also available to lease, or the owners will subdivide the building for multiple tenants.

The building was constructed in 1955 and had a long history in Crestwood along Watson Rd-Historic “Rt 66.” The most notable occupants were Bellistri’s Steak House from 1958-1976, then Jacks or Better/Ground Round, and later the property was transformed into a two-tenant dental and real estate office. The next life cycle of the property is up to you; possibly as a restaurant/ retail store or as a business office for a large variety of professional users, including accountants, attorneys, insurance agents, surveyors, architects, computer and programmers, sales and manufacture representatives, lab space, marijuana “green” friendly, and many more. There is plenty of “Free” Parking with room for 45 vehicles, and Metro Bus 21-Watson Rd provides daily public transportation to the site.

Highlights
  • High Traffic Corridor-19,602 vpd
  • Free-Standing 5028 SF Building on 0.96 Acres
  • Parking for 45 vehicles
  • Easy Access-Located at U-Turn Lane
  • Large Monument Sign
  • Single or Multi-tenant Property
Documents
Title
Brochure
Floorplan_042419.PDF
Survey
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Location
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