4224 Watson Road, St. Louis, MO
$9,276,800
Price
5,500 sqft
Building Size
10,003 sqft
Lot Area
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