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    318 8Th St St. Louis, MO 63101

    Sponsored
    For Sale
    $799,000

    Prime Owner-User Restaurant/Office Opportunity

    Property size:
    4,428 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use building, located at 318 N 8th St in St. Louis, MO's Central Business District, presents a unique owner-user opportunity. The property, known as The Columbia Building, boasts 4,428 square feet across two stories, each approximately 2,214 square feet. Built in 1893 and extensively renovated in 2016, the building features a new EPDM roof (February 2023) and benefits from large windows, two restrooms per floor, and private entries. Currently, a restaurant occupies the first floor under a modified lease with over nine years remaining. The second floor offers office space, which can be immediately occupied by the new owner or leased back. The asking price is $799,000, translating to $180.44 per square foot. The property sits on a 2,809 square foot lot and is zoned I - Central Business District. This is an excellent investment opportunity for an owner-user seeking a blend of income generation and prime office space in a vibrant downtown location. The building's current occupancy is 50%.

    Property Features for 318 8Th St

    General Information

    Property type
    Restaurants
    Square Feet
    4,428 SF

    Building Details

    Year Built/Renovated
    1893/2016
    Buildings
    1
    Stories
    2
    Units
    2

    HighLights

    • $799,000 asking price for this mixed‑use building in St. Louis, MO.
    • 4,428 square feet, with a price per square foot of $180.44.
    • Located at 318 N 8th St, St. Louis, MO 63101, in the Central Business District (I zoning).
    • Two‑story, 1893 building, renovated in 2016, featuring a new EPDM roof (2023).
    • Currently 50% occupied; first floor has a restaurant tenant with a long‑term lease, and the second floor (approx. 2,214 sq ft) is available for owner‑occupancy or leaseback.
    Property Profile Location Intelligence

    Current Use by Public Records

    King Realty Advisors Commercial Real Estate Agency BLDG BLOX USA ... Real Estate Developer Gary Dedeke Inc Architect

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    St. Louis
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.192104708041
    Latitude
    38.629358977366

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    FAQs

    What type of property is this?
    Restaurant - Prime Owner-User Restaurant/Office Opportunity
    Where is this restaurant located?
    The property is located at 318 8Th St St. Louis, MO.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: $799,000 asking price for this mixed-use building in St. Louis, MO.; 4,428 square feet, with a price per square foot of $180.44.; Located at 318 N 8th St, St. Louis, MO 63101, in the Central Business District (I zoning).
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    318 8Th St St. Louis, MO 63101
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    St. Louis, MO 63101
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    318 8Th St St. Louis, MO 63101
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