6329 Delmar Blvd Saint Louis, MO 63130-4721
- Retail space
- 8,128 SF
- 0.30 lot acres
Current Use by Public Records
- Retail space
Property Details for 6329 Delmar Blvd
- Year built
- 1969
- Lot size
- 0.30 lot acres
- Property size
- 8,128 SF
- Zone code
- 57CC
- Property type
- Retail space
- APN
- 18H-4-1-018-9
- APU
- 18H410189
Description
This exceptional turnkey restaurant opportunity is located at 6329 Delmar Boulevard in University City, Missouri, zip code 63130. Situated in the vibrant heart of the Delmar Loop, this 1,968 square foot space boasts a prime location in a highly sought-after area recently recognized as one of the "10 best streets in the USA". The property's strategic placement offers unparalleled access to a large and diverse customer base. Its adjacency to the University of Washington, with its over 15,000 students, ensures a consistent flow of potential patrons. Previously operating as a frozen yogurt shop, this single-tenant retail space is ready for immediate occupancy. The property is offered at a net-net-net (NNN) lease rate of $28.50 per square foot. This turnkey restaurant space presents a unique chance to establish or relocate a thriving business in a dynamic and high-traffic location within St. Louis County. The property's history as a successful frozen yogurt shop provides a solid foundation for a variety of food service concepts. Don't miss this opportunity to capitalize on the Delmar Loop's thriving atmosphere and significant foot traffic.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,820,000
- 6.5%
- $1,680,000
- 7%
- $1,560,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,679,000
- AI Estimate
- $1,307,000
Market price range: $382k - $1.68MMarket price range: $433k - $1.31M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,140,000 Current use
- RESTAURANT
- $2,250,000 Change: +97% Conversion: Easy
- COMMERCIAL (GENERAL)
- $1,480,000 Change: +30% Conversion: Easy
- MEDICAL BUILDING
- $1,250,000 Change: +10% Conversion: Difficult
- OFFICE BUILDING
- $1,215,000 Change: +6% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,015,000 Change: -11% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Saint Louis
- County
- St. Louis
- State
- Missouri
- Longitude
- -90.304
- Latitude
- 38.6562
- CBSA code
- 41180
- CBSA name
- ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA