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    Downtown St. Louis Commercial Condo Title is generated by Realmo AI

    918-920 Olive St St., Louis, MO

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    7,078 SF commercial condo in the heart of downtown.

    Type:RETAIL
    Property size:
    7,078 SF
    Lot size:
    0.32 Acres
    Price / SF:
    $183/SF
    Added:
    Sep 15, 2023
    Days on Market:
    1004
    Last Refresh:
    May 19 at 10:26 pm

    Property Features for 918-920 Olive St St.

    General Information

    Standard status
    Active
    Size
    7,078 SF
    Lot size
    0.32 Acres
    Property subtype
    RETAIL

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    Listing Contact
    Benjamin R Cherry

    Listing agent Benjamin R Cherry

    Listing office Manor Real Estate

    Listing date Sep 15, 2023

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Manor Real Estate

    HighLights

    • 7,078 SF commercial condo ideal for restaurant, bar, or event space
    • Includes all furniture, fixtures, and equipment
    • Can accommodate 180 patrons with an open kitchen area
    • Full basement for food storage, coolers, and utilities
    • Interior mezzanine level accessible by elevator for additional seating
    • Located in the heart of Downtown St. Louis' Central Business District at Olive and 10th Street

    Overview

    A 7,078 square foot commercial first-floor condo is available for sale in the Bell Lofts Building. The condo is configured for a restaurant, bar, or event space, and can accommodate 180 patrons. It features an interior mezzanine level, accessible by elevator, for additional seating, as well as an open kitchen area. A full basement provides space for food storage, coolers, and utilities. All furniture, fixtures, and equipment are included. The Bell Lofts, which features 24 residential condos, is located at the intersection of Olive and 10th Street in the heart of Downtown St. Louis' Central Business District and is on the National Registry of Historic Places.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $158.0k $22.32
    − Vacancy −$22.0k −$3.10
    EGI $136.0k $19.22
    − OpEx −$40.8k −$5.77
    NOI $95.2k $13.45
    7,078 SF · lease $22.32/SF/yr · vacancy 13.90% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $1.36M
    $1.19M – $1.59M (±1% cap)
    NOI $95,215 @ 7.0% cap · market cap 7.32%
    Second Best
    Specialty Retail
    $434.5K
    $380.2K – $507.0K (±1% cap)
    NOI $30,418 @ 7.0% cap · market cap 2.34%
    Theoretical Best
    Office A
    $1.52M
    $1.33M – $1.77M (±1% cap)
    NOI $106,334 @ 7.0% cap · market cap 8.18%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Bars & Pubs

    Similar Places Nearby

    • Xxtreme Flavors — 4504 Westminster Pl, 4500 Athlone Ave, St. Louis, MO 63108
    • Seoul Fusion Catering — 4366 Maryland Ave, St. Louis, MO 63108
    • Nix Red Catering — 408 N Sarah St, St. Louis, MO 63108
    • The Del'istro — 408 N Sarah St, St. Louis, MO 63108
    • Pricise Dining — 408 N Sarah St, St. Louis, MO 63108

    Map

    City
    Louis
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.1928
    Latitude
    38.6305

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      Downtown St. Louis Commercial Condo

      7,078 SF commercial condo in the heart of downtown.
      920 Olive Street, St Louis, MO 63101
      View Details

    FAQs

    What type of property is this?
    Restaurant - 7,078 SF commercial condo in the heart of downtown.
    Where is this restaurant located?
    The property is located at 918-920 Olive St St. Louis, MO.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: 7,078 SF commercial condo ideal for restaurant, bar, or event space; Includes all furniture, fixtures, and equipment; Can accommodate 180 patrons with an open kitchen area
    (314) 518-5010 Call to check price and availability
    We can help!
    Contact for Pricing
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    and status of this listing
    Benjamin R Cherry
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