3910 Lindell

    St Louis, MO 63108
    • $895,000
    • STATUS: Active
    • ON SITE: 39 days
    • ID#: 19080328
    UPDATED: 59 min ago
    $895,000
    • 0
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 15,132
      SQFT
    • $59
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1897
    County:
    Area:

    School Ratings & Info

    Description

    Central West End Commercial Redevelopment Opportunity. Prime location next to St Louis University and Cortex. 15,132 SF Building (3 floors @5,044 each). Former Law Offices since 1970's, Vacant and needs renovation. Potential uses include multi-family student housing, office space, co-working, micro apartments, mixed use with retail or restaurant on the first floor. Location and high rents for student housing make this an attractive conversion. Spec drawings and renderings are available for 18 apartments with 6 apartments on each floor with (14) one bedroom and (4) two bedroom apartments. With market rent for updated 1 beds close by renting from $1,252-$1,370 and 2 beds from $1,195 to $1,795 there is the potential for $22,308-$26,360 in gross monthly income and $267,696-$316,320 in annual gross income based off of rent comps. With a 40% expense/vacancy of the gross rent the net income could range from $160,617-$189,792. Rear parking lot with 12 spaces. Located in an opportunity zone.

    Monthly Payment Calculator

    Listing information © 2019 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2019-12-12T18:49:01.84.

    Coldwell Banker Gundaker: (636) 717-6000
    www.suemartinteam.com/homes/100495142

    3910 Lindell St Louis, MO 63108

    • Price: $895,000
    • Status: Active
    • Updated: 59 min ago
    • ID#: 19080328
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    15,132
    SQFT
    $59
    $/SQFT
    1897
    Built
    Neighborhood:
    Lindell Add 02
    County:
    St Louis City
    Area:
    Central West
    Property Description
    Central West End Commercial Redevelopment Opportunity. Prime location next to St Louis University and Cortex. 15,132 SF Building (3 floors @5,044 each). Former Law Offices since 1970's, Vacant and needs renovation. Potential uses include multi-family student housing, office space, co-working, micro apartments, mixed use with retail or restaurant on the first floor. Location and high rents for student housing make this an attractive conversion. Spec drawings and renderings are available for 18 apartments with 6 apartments on each floor with (14) one bedroom and (4) two bedroom apartments. With market rent for updated 1 beds close by renting from $1,252-$1,370 and 2 beds from $1,195 to $1,795 there is the potential for $22,308-$26,360 in gross monthly income and $267,696-$316,320 in annual gross income based off of rent comps. With a 40% expense/vacancy of the gross rent the net income could range from $160,617-$189,792. Rear parking lot with 12 spaces. Located in an opportunity zone.
    Exterior Features

    Building Type 2 Stories Exterior Brick Land Info Included Lot Dimensions 214'X50'x214'x50' Parking Description Parking LotPaved Asphalt Parking Spaces 12 Road Access Alley AccessCity Street Road Frontage 100 Unit Location City

    Interior Features

    Cooling Central-Electric Heating Forced Air Interior Walls DrywallPlasterOther Interior Walls

    Property Features

    Association St. Louis Association of REALTORS Commercial Property Type Commercial LandMulti-Family LandOffice Land Conditions Unknown Current Use N/A Disclosures No Other Known RestrOthr-Call List Agent Electric Service 220 V Gross Operating Income 0.00 Lot Size Source County Records Net Income 0.00 Possession At Closing Possible Buyer Fees YN No Potential Use Building Trades/ServOffice/GeneralOffice ShowroomOther/Call LaPersonal ServiceProfessional ServiceResidenceRetail Operation Sale Includes Building & Land Selling Terms CashConventionalExchangePrivateOther Sewer Public Special Listing Conditions None Square Footage Source County Records Tax Year 2018 Taxes Paid 12896 Total Expenses 0.00 Utilities Available CableElectricWaterSewerTelephone Water Public Zoning Commercial

    Listing provided courtesy of Invest St. Louis. Listing information © 2019 Mid America Regional Information Systems, Inc.
    Listing information © 2019 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2019-12-12T18:49:01.84.

    Coldwell Banker Gundaker: (636) 717-6000
     
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