7570 Watson, Saint Louis, MO 63119

$2,995,000.00
  • Main Photo

8 Total Photos [Click to View All]

Active
MLS#22013555
STATUSActive PROPERTY TYPECommercial - Retail SUBDIVISIONKenneth Mackenzie Sub SCHOOLShrewsbury

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.

Property Features

Property Type: Commercial - Retail
Cooling: Electric
Heating: Forced Air
Lot Size: 1.67 Acres
Taxes: $25,367
Year Built: 1985

Feature Descriptions

Current Use: Freestanding, Retail Strip Center, Convenience Store, Retail, Shopping Center
Days on Site: 114
Electric: Ameren
Lot Dimensions: 0
Parcel#: 24J-44-0111
Parking: Asphalt
Road Frontage: City Street
Sewer: Public Sewer
Water: Public

Local Schools

School District: Shrewsbury

Listed By / Shown By

Listed By

Agency Name: Manor Brokerage, LLC

Shown By

Agency Title: Realty Executives
Agency Phone:

IDX logo

Login to My Homefinder

Login to My Homefinder