For Sale $999,000
Property Type Retail
Property Size 5,453 SF
Lot Size 0.52 Acre
Zoning C2
# of Floors 1
Parking Spaces Avail. 27
Parking Ratio 4.95 / 1,000 SF
Year Built 1960
Date Updated Jan 23, 2025

Description

This prime value-add opportunity features a recently renovated building with new electrical systems, HVAC, roof, plumbing, and parking lot. Currently 31% occupied with leases through 3/31/2029. Located at a signalized hard corner visible to over 20,000 cars daily. Situated in a densely populated area with 289,459 residents within a 5-mile radius, it's just a 25-minute drive from downtown St. Louis and St. Louis Lambert International Airport. The property also includes a stable NNN corporate lease with ACE Cash Express and benefits from an affluent demographic with an average household income exceeding $91,000 within the area.

Highlights

Located at the signalized intersection of Gravois and S. Rock Hill Rd. with over 20,000 V.P.D.
Situated in a densely populated St. Louis area with 289,459 residents within a 5-mile radius.
Currently 31% occupied with leases extending through 3/31/2029.
Value Add Multi Tenant Retail Building for sale located on Gravois Rd. in Affton, MO.
Building Recently renovated with new electrical, meters, panels, HVAC, roof, plumbing and parking lot.
ACE Cash express features a N.N.N. corporate lease with 10% rental increases every five years and multiple renewal options.