3460 Hollenberg Dr, Bridgeton, MO 63044
- Office buildings
- 10,192 SF
- 1.33 lot acres
Current Use by Public Records
- Office buildings
Property Details for 3460 Hollenberg Dr
- Year built
- 1970
- Lot size
- 1.33 lot acres
- Zone code
- 10B-3
- Property type
- Office buildings
- APN
- 11N-4-3-011-4
- APU
- 11N430114
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Oct 8, 1998 | — | Gss Properties LLC | Semmel,gregory & Susan | Grant Deed · related | — |
| — | — | Gss Properties LLC | — | Deed Of Trust · related | $122k · First Advantage Bank |
| — | — | Gss Properties LLC | — | Deed Of Trust · related | $500k · First Advantage Bank |
| — | — | Gss Properties LLC | — | Deed Of Trust · related | $150k · Union Bank Of Illinois |
Description
This exceptional 10,192 square foot commercial office building presents a unique opportunity in Bridgeton, Missouri. Situated on a 1.33-acre lot at 3460 Hollenberg Drive, this property offers both immediate income and long-term growth potential. Currently configured as a multi-tenant building, it generates rental income, providing a strong return on investment. However, its adaptable design allows for seamless conversion into a single-tenant occupancy, perfect for a business seeking to consolidate its operations. The building benefits from a strategic location with convenient access to major transportation arteries, including Interstates 70 and 270, and Highway 370, ensuring excellent accessibility for employees and clients. Further enhancing its appeal are significant recent upgrades, including a newer roof and windows, contributing to reduced maintenance costs and increased energy efficiency. Ample on-site parking is available, addressing the crucial need for convenient employee and visitor parking. The asking price for this versatile and well-maintained commercial property is $795,000. This represents a compelling investment opportunity for businesses seeking a high-quality, strategically located office space in a thriving market.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,210,000
- 6.5%
- $2,040,000
- 7%
- $1,895,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,804,000
- AI Estimate
- $1,966,000
Market price range: $861k - $2.13MMarket price range: $333k - $2.43M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,445,000 Current use
- AUTO REPAIR, GARAGE
- $1,450,000 Change: +0% Conversion: Difficult
- MEDICAL BUILDING
- $1,240,000 Change: -14% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Bridgeton
- County
- St. Louis
- State
- Missouri
- Longitude
- -90.4383
- Latitude
- 38.7582
- CBSA code
- 41180
- CBSA name
- ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA
