Real Estate For Sale in...
 

6511 Olive, St Louis, MO 63130

$175,000
Commercial Property MLS# 17084139 ID: 48290820
$175,000 Get Rates

Commercial, 1 Story,Retail Strip Center,Store Front - St Louis, MO
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 that are approximately 1,250 square feet 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 owner installed solar panels at a cost of $40,000 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 and has a 1 year lease 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.

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Location Information near 6511 Olive
Offered by Jordan Schoen at Invest St. Louis

Would you like more information regarding this property?
Please call 255-5117.

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Property Features for 6511 Olive
Status
Market Status
Sale Pending
Last Updated
November 16, 2017
Description
Property Type
Commercial Property
Year Built
1920
Stories
1.0
Approx. Lot Size
0.15 Acres
Sq. Feet
2,500

Building Features

  • Heating System: Forced Air
  • Stories: 1.0
  • Central Air

Exterior Features

  • Parking: Paved or Surfaced

Legal/Financial

  • Taxes: 3703 (2016)

Listing Features

  • Property Type: Commercial;
  • Jordan Schoen
  • Invest St. Louis

Data Provided by:
Mid America Regional Information Systems, Inc.

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More information about this $175,000 Commercial Property at 6511 Olive

This $175,000 Commercial Property at 6511 Olive in St Louis, MO is presented by Jordan Schoen. This $175,000 Commercial Property, located in the 63130 zip code, has the following property features: Property Type, Parking, Taxes, Heating System. This 6511 Olive Commercial Property, located in , is listed under MLS listing number 17084139 and has a listing price of $175,000. You can find more ST LOUIS homes for sale here.