5243 Shaw Ave St St. Louis, MO 63110
- Retail properties
- 59,112 SF
Current Use by Public Records
- Retail properties
Property Details for 5243 Shaw Ave St
- Property size
- 59,112 SF
- Property type
- Retail properties
Description
This exceptional retail property, Fair Mercantile, presents a compelling investment opportunity in the vibrant St. Louis, Missouri market. Located at 5243 Shaw Ave, St. Louis, MO 63110, this 59,112 square foot commercial center boasts a remarkable 100% occupancy rate, generating a strong net operating income (NOI) of $619,424 and an attractive 8.85% capitalization rate. The asking price for this prime retail asset is $7,000,000. The property features ample free on-site parking, a significant advantage for both tenants and customers. Furthermore, convenient on-site lower-level storage is available, adding to the property's overall functionality and appeal. Situated in the historic St. Louis Hill neighborhood, this well-maintained building currently houses 18 tenants, demonstrating its enduring popularity and strong tenant base. This is a rare opportunity to acquire a high-performing, fully occupied retail center in a desirable location with significant upside potential. The property's strong financial performance, coupled with its prime location and desirable amenities, makes it an ideal investment for discerning buyers seeking a stable and profitable addition to their portfolio. The property's location offers excellent visibility and accessibility, ensuring continued success for its tenants and a strong return on investment for the owner.
Value Estimation
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- St. Louis
- County
- State
- Missouri
- Longitude
- -90.2742
- Latitude
- 38.6184
