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7570 Watson

St Louis, MO 63119
  • $2,995,000
  • STATUS: Active
  • ON SITE: 80 Days
  • ID#: 22013555
UPDATED: 71 min ago
$2,995,000
  • 0
    BEDS
  • 1.67
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1985
County:
Area:

School Ratings & Info

Description

Fully-occupied shopping center now available for sale! Route 66 Plaza is an established 14,876 square foot shopping center comprised of 5 tenants. The center was built in 1985 and occupies 1.57 acres. Route 66 Plaza includes a renovated storefront faade and pylon sign along Watson Road. This stabilized retail asset represents an ideal 1031 exchange opportunity given the low maintenance construction of the building, NNN lease structures in place, and attractive CAP rate. The existing tenants have an average of 4 years remaining of the lease term. Below-market rents present a value-add opportunity for future ownership.

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Listing information © 2022 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2022-05-28T11:39:24.22.

Finest Homes Network | Keller Williams Realty West: 636-229-8583
www.searchallstlouishomes.com/homes/126493419
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7570 Watson St Louis, MO 63119

  • Price: $2,995,000
  • Status: Active
  • On Site: 80 Days
  • Updated: 71 min ago
  • ID#: 22013555
0
Beds
0
Baths
0
½ Baths
1.67
Acres
1985
Built
Neighborhood:
Kenneth Mackenzie Sub
County:
St Louis
Area:
Affton
Property Description
Fully-occupied shopping center now available for sale! Route 66 Plaza is an established 14,876 square foot shopping center comprised of 5 tenants. The center was built in 1985 and occupies 1.57 acres. Route 66 Plaza includes a renovated storefront faade and pylon sign along Watson Road. This stabilized retail asset represents an ideal 1031 exchange opportunity given the low maintenance construction of the building, NNN lease structures in place, and attractive CAP rate. The existing tenants have an average of 4 years remaining of the lease term. Below-market rents present a value-add opportunity for future ownership.
Exterior Features

Attached Garage YN No Parking Features Asphalt Road Frontage Type City Street Unit Location High TrafficRetail Center

Interior Features

Cooling Electric Heating Forced Air Heating YN Yes

Property Features

Association St. Louis Association Of Realtors Commercial Type Retail Current Use FreestandingRetail Strip CenterConvenience StoreRetailShopping Center Disclosures UnknownNo Other Known Restr Electric Ameren Inclusions Building Only Net Operating Income 220814 Property Sub Type Commercial & Indr. Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 25367 Tax Year 2021 Transaction Type Sale Utilities Electricity AvailableWater Available Water Source Public Zoning C1 - Commercial Shopping District

Listing provided courtesy of Manor Brokerage, Llc. Listing information © 2022 Mid America Regional Information Systems, Inc.
Listing information © 2022 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2022-05-28T11:39:24.22.

Finest Homes Network | Keller Williams Realty West: 636-229-8583
 
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