3131 Olive St - Storefront FOR SALE


Saint Louis, MO 63103- Midtown St Louis
$1,300,000 USD
636-578-7627
3131 Olive St, Saint Louis, MO for Sale
$1,300,000 USD
Storefront - FOR SALE
1/8
null | 8.59% Cap Rate

3131 Olive St
Saint Louis, MO 63103
Midtown St Louis


HIGHLIGHTS

  • Historic 1894 building, fully renovated in 2016 with modern systems
  • Prime Midtown STL corridor near SLU, City Foundry, and Armory STL
  • 100% Occupied with Salsa Rosada Restaurant (term thru 11/2027) and Latte Lounge (term thru 2031) – both have renewal options
  • Attractive cap rate profile 8.6% with Updside via renewals and decreasing operating expenses

OVERVIEW

3131–3137 Olive Street presents a stabilized restaurant investment with clear upside in St. Louis’ Midtown corridor. The property totals ±5,372 SF and is 100% leased to Salsa Rosada through 2027 and Latte Lounge through 2031, providing reliable income with annual rent escalations. Originally built in 1894 and fully renovated in 2016, the building combines historic character with modern systems and ADA compliance. Located along Olive Street near Saint Louis University, and The City Foundry this property is positioned within one of the city’s most active growth areas.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$206 USD /SF

CAP RATE

8.59%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Midtown Stabilized Investment Opportunity

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1894

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

H

APN/PARCEL ID

1021-04-0160-0

ASK ABOUT THIS PROPERTY

Caleb AnthonisManor Real EstateMore Info
636-578-7627

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Caleb AnthonisManor Real EstateMore Info
636-578-7627

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