1401 Florissant Rd StSt. Louis, MO 63121

Property Details for 1401 Florissant Rd St

Year built

1964

Property size (Sq ft)

8,750 SF

Property type

Retail properties

Property subtype

Lifestyle centers

Description

This exceptional 8,750-square-foot commercial property, located at 1401 S Florissant Rd, St. Louis, MO 63121, presents a unique investment opportunity. Built in 1964 and extensively renovated in 2021, this Class A building boasts a single story and 15 loading docks, making it ideal for a variety of uses. Currently configured as an auto body and repair shop, the open floor plan offers significant flexibility for conversion into office space or other commercial ventures. The property is offered for sale at $700,000, representing a price per square foot of $80. A current tenant occupies the space under a NNN lease with 1.7 years remaining on a 5-year term (commencing August 1, 2021, and expiring July 31, 2026), ensuring a stable income stream. The property's strong performance is reflected in its 100% occupancy rate and a pro-forma NOI of $54,000, yielding a 7.71% pro-forma cap rate. This prime St. Louis County location offers significant potential for future growth and return on investment. The property is zoned for various uses, making it an attractive option for owner-users or investors seeking a versatile and high-performing asset. Serious inquiries only. Please do not disturb the tenant.

Location Insight

City

St. Louis

County

St Louis

State

Missouri

Latitude

38.7265

Longitude

-90.3038

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