3159 Grand Blvd St St. Louis, MO 63118
This exceptional mixed-use building, located at 3159 S. Grand Blvd, St. Louis, MO 63118, presents a compelling investment opportunity. The 7,208 square foot property, built in 1909, sits on a 0.121-acre lot (APN 21000002507) and is zoned H - Area Commercial. The ground floor boasts a fully operational, turnkey restaurant featuring a meticulously maintained kitchen equipped with a 24-foot hood and a large walk-in cooler. Restaurant amenities include a bar, two dining rooms, a fenced patio, and two ADA-compliant restrooms. Upstairs, two 1,400 square foot apartments offer significant potential with minimal investment needed for tenant readiness. The building is currently vacant. This prime location is situated in the renowned S. Grand dining district at the signalized intersection of S. Grand and Juniata. The asking price is $795,000, translating to $110.29 per square foot. The two-story building offers a unique blend of established commercial space and high-potential residential units. This property is an ideal investment for those seeking a blend of immediate income generation and future development potential. Please do not disturb tenants.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
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