107 S 6th St - Storefront Retail/Residential FOR SALE


Saint Joseph, MO 64501
$2,899,000 USD
816-232-2000
107 S 6th St, Saint Joseph, MO for Sale
$2,899,000 USD
Storefront Retail/Residential - FOR SALE
1/16
null | Request Cap Rate

107 S 6th St
Saint Joseph, MO 64501


OVERVIEW

Great investment property or 1031 Exchange Replacement property in the heart of Downtown revitalization. This historic building was completely restored into a mixed use - main floor event space (The Metropolitan) and 12 market rate lofts (4 per floor on the 2nd, 3rd & 4th floor). There are 3 one bedroom, one bath units, 6 two bedroom, 1.5 bath plus bonus room, office, and 3 two bedroom, 1.5 bath 6th St. view units. Rents range $995/mo-$1,100 plus tenant pays electric. One furnished unit $1,750/mo with electric included. Water & trash included in the rent. Each loft has stainless steel appliances (stove, refrigerator, dishwasher & microwave) & high ceilings. Engineered wood floors. Each floor has coin operated washer & dryer. The private lot next to the building comes with 107 S. 6th & provides one reserved parking space per loft. There is also a free City parking lot across the street as well as on street parking. The building has a private key pass passenger elevator for tenants as well as a freight elevator in the back as well as convenient alley access for moving. Full, dry basement for storage & each loft has a 8x10 storage cage available. Large sun deck off of the 3rd floor provides residents with outdoor space. Surrounded by restaurants, retail shops, coffee, bars, Missouri Theater 2 blocks away, Coleman Hawkins Park a block away, government buildings & professional office space. There is also an on site office for the building owner.

FOR SALE DETAILS

PRICE

$2,899,000 USD

PRICE/SF

$87 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Loft/Creative Space, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1892

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

planned

APN/PARCEL ID

06-3.0-08-004-002-083.000

ASK ABOUT THIS PROPERTY

Adam SteinBHHS Stein & Summers Real EstateMore Info
816-232-2000

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Adam SteinBHHS Stein & Summers Real EstateMore Info
816-232-2000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.