Saint Louis, MO Office Property For Sale

https://manorrealestate.com/commercial/fully-occupied-office-building/

100% Occupied Commercial Office Property For Sale.

1st Floor Occupied until 2022.

2nd Floor Coming Avaiable end of October 2021.

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.

PROPERTY DETAILS:

• Highly visible 8,052 SF free standing building in premier location located on 0.58 acres

• Adjacent to high performing Schnucks, Planet Fitness, & new Dierbergs

• A portion of the site leased to Heartland Dental through April 30, 2024

• Two first floor spaces available - perfect for retail, office, or service users

• 2021 Real Estate Taxes: $33,984.00

• Watson Road - 20,290 VPD