UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,006 sqft
Price per Sqft $91
Subdivision Watsons Fruit Hill Add
MLS Listing ID 25021315
Year Built 1906
Annual Tax Amount $2,693
Lot Size 3,080 Sqft
Acres 0.0707
Lot Dimensions 38X73
Property Description
The ground floor is currently leased to a daycare, which utilizes the fenced-in rear yard as a playground. Precious Circle of Friends Learning, the current tenant, has been renting the property since 2022. They hold a 5-year lease that expires on February 28, 2027, paying $2,500 per month on a triple net (NNN) basis. The daycare is licensed to care for 28 children from birth to 5 years old.
On the second floor, there is a two-bedroom apartment. According to Trulia, market rents for similar apartments range from $1,000 to $1,500 monthly, making this an attractive investment opportunity. Location: City, Corner Location
Location
State MO
County St Louis City
Area 4 - Central West
Interior
Heating Natural Gas, Forced Air
Cooling Central Air, Electric
Fireplace N
Exterior
Parking Features false
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Water Available, Sewer Available, Phone Available
View Y/N No
Building
Water Public
Structure Type Brick
Others
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
Get More Information
Joe LoPiccolo
Broker Associate | License ID: 2005026477
Broker Associate License ID: 2005026477