3910 Lindell, St Louis

$895,000

0 Beds
0 Baths
15,132 Sqft
¼ Acres
0 Garages

Central West End Commercial Redevelopment Opportunity. Prime location next to St Louis University and Cortex. 15,132 SF Building (3 floors @5,044 each). Former Law Offices since 1970's, Vacant and needs renovation. Potential uses include multi-family student housing, office space, co-working, micro apartments, mixed use with retail or restaurant on the first floor. Location and high rents for student housing make this an attractive conversion. Spec drawings and renderings are available for 18 apartments with 6 apartments on each floor with (14) one bedroom and (4) two bedroom apartments. With market rent for updated 1 beds close by renting from $1,252-$1,370 and 2 beds from $1,195 to $1,795 there is the potential for $22,308-$26,360 in gross monthly income and $267,696-$316,320 in annual gross income based off of rent comps. With a 40% expense/vacancy of the gross rent the net income could range from $160,617-$189,792. Rear parking lot with 12 spaces. Located in an opportunity zone.

Essential Information
MLS® #19080328
Price$895,000
Square Footage15,132
Acres0.25
Year Built1897
TypeCommercial Sale
Sub-TypeCommercial & Indr.
StatusActive
Community Information
Address3910 Lindell
AreaCentral West
SubdivisionLindell Add 02
CitySt Louis
CountySt Louis City
StateMO
Zip Code63108
Amenities
Parking Spaces12
GaragesParking Lot,Asphalt
Interior
HeatingForced Air
CoolingElectric
Additional Information
Date ListedNovember 2nd, 2019
Days on Market208
Listing Details
OfficeInvest St. Louis
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