318 8Th St St. Louis, MO 63101
- Investment properties
- 2,535 SF
- 0.06 lot acres
Current Use by Public Records
- King Realty Advisors / Construction Company / Office Space Rental Agency
- BLDG BLOX USA LLC / Real Estate Developer
- Gary Dedeke Inc / Architect
Property Details for 318 8Th St
- Year built
- 1893
- Construction
- STEEL FRAME
- Lot size
- 0.06 lot acres
- Property size
- 2,535 SF
- Zone code
- I
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 018100-00200
- APU
- 1810000200
Description
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%.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Saint Louis
- County
- Saint Louis City
- State
- Missouri
- Longitude
- -90.1919
- Latitude
- 38.6291
- CBSA code
- 41180
- CBSA name
- ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA
