12030 Manchester RD Active Save Request In-Person Tour Request Virtual Tour
St Louis,MO 63131
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
Year Built 1956
Building Age 68
Lot Size 0.300 Acres
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
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
Others
Acceptable Financing Cash Only,Conventional,Exchange,Private
Listing Terms Cash Only,Conventional,Exchange,Private
Special Listing Condition None