MO > St Louis > Manhattan Heights Add
St Louis, MO 63131,12030 Manchester RD
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Keagan Marten

Keagan Marten

+1(217) 710-7047
$ 1,500,000
Est. payment /mo
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Active

12030 Manchester RD St Louis, MO 63131

2,250 SqFt

UPDATED:

06/08/2024 04:02 PM

Key Details

Property Type Commercial

Sub Type Commercial & Indr.

Listing Status Active

Purchase Type For Sale

Square Footage 2,250 sqft

Price per Sqft $666

Subdivision Manhattan Heights Add

MLS Listing ID 24034444

Construction Status 68

Year Built 1956

Building Age 68

Lot Size 0.300 Acres

Acres 0.3

Property Description

Opportunity to own 3 parcels of land located on Manchester Road in Des Peres. Great investment property or redevelopment opportunity. The 3 parcels consist of 1 fully leased commercial building, 2,250 sf with 3 tenants at 12030 Manchester Road and 2 residential home parcels adjacent (behind) the commercial building at 1087 & 1091 Kinstern Drive. 1091 Kinstern is 1200 sf, 3 bedroom 1 bath with basement and 1 car garage, 1087 Kinstern is 1075 sf, 2 bedroom, 1 bath, basement and 1 car garage. All 3 parcels have been zoned commercial for any redevelopment but current use residential is allowed. Commercial building has three tenants currently, each residential property has a tenant currently. All are on month to month leases to allow options for new owner. Secure term leases with increases to market rates and improve NOI or end leases and make all parcels available for redevelopment, options are open. Current lease income less taxes and insurance is generating NOI of $80,000.

Location

State MO

County St Louis

Area Kirkwood

Zoning Commercial

Interior

Heating Individual Unit, Forced Air

Cooling Electric

Fireplace N

Exterior

Utilities Available Electricity Available, Gas to Site, Water Available, Sewer Available, Phone Available

Roof Type Other

Building

Sewer Public Sewer

Water Public

Structure Type Conventional

Construction Status 68

Others

Acceptable Financing Cash Only, Conventional, Exchange, Private

Listing Terms Cash Only, Conventional, Exchange, Private

Special Listing Condition None

Listed by Robert Hudspeth • Select Group Realty
agent

Keagan Marten

Agent | License ID: 475.206207

+1(217) 710-7047

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