7570 Watson, St Louis, MO 63119

$2,995,000
List Price
$2,995,000
Days on Market
160
MLS#
22013555
Status
ACTIVE
Lot Size
72,745
Acres
1.67
Year Built
1985
Age
37
Subdivision
Kenneth Mackenzie Sub
Municipality
Shrewsbury
County
St Louis
Listing Type
Commercial

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 façade 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.

Additional Information

Parking Description
Asphalt
Cooling
Electric
Sewer
Public Sewer
Heating
Forced Air
Water
Public
Taxes Paid
25367
Buyer's Agent Commission
3
Selling Terms
Cash Only, Conventional

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Listing courtesy of Manor Brokerage, LLC.

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