Investment Opportunity - Fully Leased Office/Retail Building
$2,200,000
Listing Resources
Listing Description
Investment Property
Fully leased commercial building. Building is equipped with forced air heating and cooling systems throughout, ensuring a comfortable environment year-round. It includes 100 parking spaces, ADA compliant elevator and a brick exterior as well as an average daily traffic count of 18,600. This well-appointed space is ideal for retail businesses.
*Financials available upon request
Sale Price: $2,200,000
Listing Details
Listing No : 309
Sale Or Lease : For Sale
Property Type(s) : Investment
Building Size (Sqft) : 13,144 Sqft
Lot Size (Acres) : 1.03 Acre(s)
Sale Price : $2,200,000
CAP Rate : 6.29%
GRM : 10.60
NOI : $138,362
Building Total Sqft : 13,144 Sqft
Total Sqft Available : 13,144 Sqft
Retail : 13,144 Sqft
Elevators : Yes
Heating : Forced Air
Cooling : Forced Air
Parcel No : 03-27.0-305-002/003
Zoning : PB- Planned Business
Zoning By : Fairview Heights
Parking : 100
Property Tax : $28,719.64
Traffic Count : 18,600
Year Built : 1990
Rehab Year : 1991
Roof : TPO
Floors : 2
Interstate : I-64
Airport : St. Louis Int - 26.8 Miles
Gross Rental Income : $207,636
Insurance : $16,517
Utilities : $967
Property Management : $1,916
-
Tony
Smallmon
- Office: 618-277-4400 Ext. 18
- Mobile: 618-407-4240
- tonys@barbermurphy.com