Listing Courtesy of: Robert Hudspeth - RE/MAX Select 779-8080
$1,500,000 affordable loan icon Calculate Payment

12030 Manchester Road St Louis, MO 63131

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General Commercial Residence
Beds
Baths
Sq. Ft.
0.3 Acre Lot
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Last updated on 11/26/2024 10:32 AM

Listing Details

Opportunity to own 3 parcels of land located on Manchester Road in Des Peres. Great investment property or redevelopment opportunity. The 3 parcels consist of 1 fully leased commercial building, 2,250 sf with 3 tenants at 12030 Manchester Road and 2 residential home parcels adjacent (behind) the co...mmercial building at 1087 & 1091 Kinstern Drive. 1091 Kinstern is 1200 sf, 3 bedroom 1 bath with basement and 1 car garage, 1087 Kinstern is 1075 sf, 2 bedroom, 1 bath, basement and 1 car garage. All 3 parcels have been zoned commercial for any redevelopment but current use residential is allowed. Commercial building has three tenants currently, each residential property has a tenant currently. All are on month to month leases to allow options for new owner. Secure term leases with increases to market rates and improve NOI or end leases and make all parcels available for redevelopment, options are open. Current lease income less taxes and insurance is generating NOI of $80,000. Continue reading
MLS#
24034444
Property Type
General Commercial
Year Built
1956
Lot Size
0.3
Sewer
Public Sewer
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Listing Courtesy of: Robert Hudspeth - RE/MAX Select 779-8080
Andrea D. Conner, License 71221, Xome Inc., License 68390, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Ste 100, Lewisville, TX 75067

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