5001 Grand Blvd St St. Louis, MO 63116
- Retail properties
Current Use by Public Records
- Retail properties
Property Details for 5001 Grand Blvd St
- Year built
- 1930
- Property type
- Retail properties
- Property subtype
- Mixed-use properties
Description
This exceptional mixed-use investment property, located at 5001 S Grand Blvd in St. Louis, Missouri, 63116, presents a compelling opportunity. The 1930-built, three-story building boasts a strong 10.21% cap rate and a current NOI of $109,708, with an asking price of $1,075,000. The property is zoned F (neighborhood commercial) and features a mix of residential and retail spaces. The building comprises three retail spaces and sixteen residential units, including eight studios and eight one-bedroom/one-bathroom apartments. Currently operating at 95% occupancy, this stabilized investment offers significant potential for increased rental income. Recent improvements include a high-efficiency boiler, a newer coated roof, new windows, tuck pointing, and replacement of all but one building stack. Furthermore, 75% of the residential units have undergone renovations, encompassing kitchen and bathroom upgrades, and new flooring. This well-maintained property represents a rare opportunity to acquire a high-performing mixed-use asset in a desirable St. Louis location. The building's strong cash flow, coupled with the potential for rent increases, makes it an attractive investment for both seasoned and emerging investors.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- St. Louis
- County
- State
- Missouri
- Longitude
- -90.2511
- Latitude
- 38.573
