3910 Lindell, St Louis, 63108

Commercial Sale For Sale in Lindell Add 02

$895,000

Beds
Baths
Sqft
¼Acres
1897Built
151DOM
MLS® #: 19080328
Active, 151 Days on Market

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
Acres: 0.25
Year Built: 1897
Type: Commercial Sale
Status: Active

Community Information

Address: 3910 Lindell
Area: Central West
Subdivision: Lindell Add 02
City: St Louis
County: St Louis City
State: MO
Zip Code: 63108

Amenities

Parking Spaces: 12
Garages: Parking Lot,Asphalt

Interior

Heating: Forced Air
Cooling: Electric

Additional Information

Date Listed: November 2nd, 2019
Days on Market: 151

Listing Details

Listing Office: Invest St. Louis

Information from Third Parties, Deemed Reliable but Not Verified.
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