6511 Olive Blvd., 63130
$170,000 (Listed Sold)

Opportunity to purchase a 2,500 square foot commercial building located in University City that is walking distance to The Loop.

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Invest in St. Louis

Opportunity to purchase a 2,500 square foot commercial building located in University City that is walking distance to The Loop. This building has two storefronts each with their own basements. There is a large parking lot attached to the building that has 20+ parking spots. The roof is approximately 2-3 years old, the building features solar panels which were installed at the same time as the roof which powers the electric to the building, the electric bill is only $25 a month. One tenant pays $1,100 a month and is month to month and the other tenant is paying $850 and is on a 3 year lease. Annual income for the building is $23,400 a year, owner paid monthly expenses total $5,676 a year for a net income of $17,724 which is a 10.1 % cap rate.

 

Paying buyers agents 2.7%

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Property Details:
Square Footage: 2,500 County: St. Louis County Units: 1-4 Condition: Turn Key Occupancy: Fully Occupied Parking: On Street Parking Heating: Gas Heat Cooling: Central Electric Construction: Brick, Wood Basement: Other
Home Amenities:
  • Microwaves
  • Fridge
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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