4224 Watson Rd - 4224 Watson Rd, Saint Louis, MO 63109
For Sale
For Sale
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Year Built
1961 (Renovated 2012)
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Total Building Size
5,500 RSF
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Overview
1st Floor: Occupied by Dental Group
2nd Floor Unit A and B: Available For Lease!
This stable, easy-to manage office building is located right off the corner of the Watson-Chippewa divide. Sitting less than 1-mile south of I-44, a major interstate, and only two doors down from the neighborhood favorite, Blueprint Coffee Café, this investment opportunity is being offered to the market anchored with a long-term dental practice at a 7.5% Cap Rate.
Building was fully renovated in 2012 which also included the brand-new construction of a 1,500 S.F. addition to accommodate the anchor tenant’s growing business.
Combining location, stability, low-maintenance, high traffic counts, and strong demographics withing a 1, 3 and 5-mile radius, all creates an opportunity to access instant cash-flow starting day one of closing. At under $1M purchase price, puts this opportunity in reach for the first-time commercial property investor as well as an excellent addition to already established portfolio.
For Lease
2nd Floor A
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Time on Market
about 2 years
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Last updated
Apr 26, 2024
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Space ID
2111414
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Overview
Former Physical/Massage Therapy
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Presented By
Manor Real EstateMark ClarksonBen Cherry
2nd Floor B
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Time on Market
about 2 years
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Last updated
Apr 26, 2024
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Space ID
2111415
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Overview
Former Physical/Massage Therapy
-
Presented By
Manor Real EstateMark ClarksonBen Cherry
Property Details
1st Floor: Occupied by Dental Group
2nd Floor Unit A and B: Available For Lease!
This stable, easy-to manage office building is located right off the corner of the Watson-Chippewa divide. Sitting less than 1-mile south of I-44, a major interstate, and only two doors down from the neighborhood favorite, Blueprint Coffee Café, this investment opportunity is being offered to the market anchored with a long-term dental practice at a 7.5% Cap Rate.
Building was fully renovated in 2012 which also included the brand-new construction of a 1,500 S.F. addition to accommodate the anchor tenant’s growing business.
Combining location, stability, low-maintenance, high traffic counts, and strong demographics withing a 1, 3 and 5-mile radius, all creates an opportunity to access instant cash-flow starting day one of closing. At under $1M purchase price, puts this opportunity in reach for the first-time commercial property investor as well as an excellent addition to already established portfolio.
- Property TypeOffice
- Amenities
- Parking ratio
- Free Parking
- On-Site Food
- A/C
- Submarket
- Year Built1961Renovated 2012
- Sale Price$927,680
- Total Building Size5,500RSF
- Total Acres0.23
- Total Available2,000RSF
- Number of Floors2
- Largest Contiguous1,000RSF
- Building ClassB
- Parking Ratio3
- ZoningF
- Will build to suitNo
- SewerNo
- Corner lotNo
- Last updatedApr 26, 2024
- Property ID2212231