3910-12 Lindell Blvd St Louis, MO 63108
$595,000 (Listed Sold)

Central West End Redevelopment Opportunity

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Invest in St. Louis

Back on market at no fault of seller. Central West End commercial redevelopment opportunity. Prime location next to St Louis University and Cortex. 15,132 SF Building (3 floors @5,044 each). Potential uses include multi-family student housing, office space, co-working, micro-apartments, mixed-use. Location, high rents for student housing make this an attractive conversion. Spec drawings and renderings available for 18 apartments with (15) one-bedroom and (3) two-bedroom apartments. Market rent for updated 1 beds close by renting for $890-$1,370 and 2 beds from $1,195 to $1,795 there is the potential for $16,935-$25,935 in gross monthly income and $203,220-$311,220 in annual gross income depending on finishes, amenities. With 40% expense/vacancy of the gross rent net income could range from $121,932-$186,732 annually. Located in an opportunity zone. Rear parking lot w/ 12 spaces. Also available for $295,000 is an adjacent parking lot at 3909-11 West Pine with approximately 33 parking spots.

Supplemental Documents

Property Location

595000 | 3910-12 Lindell Blvd St Louis, MO 63108

Anafi 1.6.8

595000 | 3910-12 Lindell Blvd St Louis, MO 63108

Anafi 1.6.8

595000 | 3910-12 Lindell Blvd St Louis, MO 63108

Anafi 1.6.8

595000 | 3910-12 Lindell Blvd St Louis, MO 63108

Anafi 1.6.8

Property Details:
Square Footage: 15,132 County: St. Louis City Units: 10+ Condition: Rehab Needed Occupancy: Some Units Vacant Parking: Off Street Parking, On Street Parking, Parking Lot Heating: Electric Heat Cooling: Central Electric Construction: Brick Basement: Other
Home Amenities:
Agent Details:
Owner / Broker: Jordan Schoen Phone: (314) 255-5117 Fax: (314) 480-7053
Contact Agent: Please use the form below to contact agent Jordan Schoen about this listing.

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