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522 Osage St Pacific, MO 63069

For Sale
$1,950,000

Missouri Retail Investment Opportunity

Property size:
37,106 SF

Description

Added:
Dec 11, 2024
Days on Market:
369
This 37,106 square foot shopping center in Pacific, MO, presents a compelling value-add opportunity. Located at 522 E Osage St, this multi-tenant property boasts 11 units and is currently 86.44% occupied, generating a NOI of $181,498 and a 9.31% cap rate. The property features a diverse mix of national and local tenants under a NNN lease structure. Extensive renovations completed in 2022 include a new roof, parking lot, HVAC system, LED lighting, electrical panels, and ownership improvements. The asking price is $1,950,000, translating to $52.55 per square foot. Situated in a rapidly growing suburb of the greater St. Louis MSA, this center offers significant upside potential through lease-up of the remaining 5,030 square feet of vacant space, market rent adjustments for existing tenants, and the incorporation of CAM charges and annual rent increases. The property benefits from a strong population base within a 10-mile radius, further enhancing its long-term investment prospects. This is a rare chance to acquire a well-maintained, recently renovated shopping center in a thriving market. The property was built in 1964 and offers significant potential for increased profitability. Rent bumps are included in the lease agreements.

Property Features for 522 Osage St

General Information

Property type
Lifestyle centers
Square Feet
37,106 SF

Building Details

Year Built/Renovated
1964/2022
Units
11

HighLights

  • Brand new roof (2022)
  • Newly paved parking lot (2022)
  • New HVAC system (2022)
  • Upgraded LED lighting (2022)
  • New electrical panels (2022)
  • Owner‑occupied since 2022
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Vero Fitness Gym

Suggested Use

Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Pacific
County
St. Louis
State
Missouri
Longitude
-90.7347283
Latitude
38.483505

FAQs

What type of property is this?
Lifestyle center - Missouri Retail Investment Opportunity
Where is this lifestyle center located?
The property is located at 522 Osage St Pacific, MO.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Brand new roof (2022); Newly paved parking lot (2022); New HVAC system (2022)
More about this property
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