12030 Manchester Road, St Louis

$1,500,000

0 Bed
0 Bath
2,250 Sqft
.3 Acre
0 Garage

Opportunity to own 3 parcels of land located on Manchester Road in Des Peres. Great investment property or redevelopment opportunity. The 3 parcels consist of 1 fully leased commercial building, 2,250 sf with 3 tenants at 12030 Manchester Road and 2 residential home parcels adjacent (behind) the commercial building at 1087 & 1091 Kinstern Drive. 1091 Kinstern is 1200 sf, 3 bedroom 1 bath with basement and 1 car garage, 1087 Kinstern is 1075 sf, 2 bedroom, 1 bath, basement and 1 car garage. All 3 parcels have been zoned commercial for any redevelopment but current use residential is allowed. Commercial building has three tenants currently, each residential property has a tenant currently. All are on month to month leases to allow options for new owner. Secure term leases with increases to market rates and improve NOI or end leases and make all parcels available for redevelopment, options are open. Current lease income less taxes and insurance is generating NOI of $80,000.

Essential Information
MLS® #24034444
Price$1,500,000
Bathrooms0.00
Square Footage2,250
Acres0.30
Year Built1956
TypeCommercial Sale
Sub-TypeCommercial & Indr.
StatusActive
Community Information
Address12030 Manchester Road
AreaKirkwood
SubdivisionManhattan Heights Add
CitySt Louis
CountySt Louis
StateMO
Zip Code63131
Amenities
GaragesAsphalt
Interior
HeatingIndividual Unit, Forced Air
CoolingElectric
Exterior
RoofOther
ConstructionConventional
Additional Information
Date ListedJune 5th, 2024
Days on Market189
Listing Details
OfficeSelect Group Realty
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