1426-1432 Washington Ave - Loft/Creative Space FOR SALE


Saint Louis, MO 63103- Downtown West St Louis
$1,195,000 USD
314-280-6646
1426-1432 Washington Ave, Saint Louis, MO for Sale
$1,195,000 USD
Loft/Creative Space - FOR SALE
1/17
null | 10.88% Cap Rate

NEW


1426-1432 Washington Ave
Saint Louis, MO 63103
Downtown West St Louis


HIGHLIGHTS

  • Brand new roof, window work, tuck pointing, window sills & more.
  • Close to city, state and federal court houses.
  • Existing rent roll. Fully renovated 2005-07 (all new interior systems). Property is fully built-out and move-in ready.

OVERVIEW

3-story historic building in downtown St. Louis. This property is state & federal historic tax credit eligible. This property was fully-renovated 2005-2007 with all new electric, mechanical, plumbing, life-safety, elevator, water sprinkler, etc. Fast-forward to present day: the property now has a new roof, new window sills, new tuck pointing, new window work and more. Exterior envelope is essentially new on this property. The entire interior is fully built out and leased to office and retail users. The current owner has retired to Florida and wants to sell. Perfect for an owner-user or investor looking to buy on a high CAP rate and hold the property until the next up cycle to sell on a low CAP rate. This property is located in the heart of the "loft district" where tens of millions of dollars of investment is flowing in updating nearby loft apartments, restaurants, etc. The St. Louis Convention & Visitors Center and Gateway Arch are about ten to fifteen blocks east (a 10-minute walk). Close to mass transit (the Metrolink); the state, city and federal court houses; hotels; restaurants; City Museum; St. Louis Central Library; the new $1.7B National Geospatial-Intelligence Agency (NFA) West; and much more.

FOR SALE DETAILS

PRICE

$1,195,000 USD

PRICE/SF

$44 USD /SF

CAP RATE

10.88%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Monkey Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1879

SPRINKLERS

-

PARKING SPACES

171

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

I

APN/PARCEL ID

0833-00-0010-2

ASK ABOUT THIS PROPERTY

Brad WaldropKing Realty AdvisorsMore Info
314-280-6646

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Brad WaldropKing Realty AdvisorsMore Info
314-280-6646

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.