1426-1432 Washington Ave - Loft/Creative Space FOR SALE


Saint Louis, MO 63103
$1,495,000 USD
314-280-6646
1426-1432 Washington Ave, Saint Louis, MO for Sale
$1,495,000 USD
Loft/Creative Space - FOR SALE
1/16
null | 10.62% Cap Rate

1426-1432 Washington Ave
Saint Louis, MO 63103


HIGHLIGHTS

  • Located on a major street in Downtown St. Louis.
  • Near municipal, civil and federal court houses.
  • Near new National Geospatial Agency HQ.
  • Located in vibrant mixed-use neighborhood amongst condos, hotels, restaurants & convention center.
  • Close to light rail system and professional sports venues.

OVERVIEW

Investment or owner-user opportunity. This property is ~18% vacant with room for rent growth. This property was last appraised in 2016 for $3.8M and was gut-renovated ~2007 when the following was installed new: HVAC; plumbing (including new sewer & water taps); electric service including new service and meters; new fire sprinkler heads, tap and back-flow; new life-safety devices; new gas service to specific retail tenant spaces; new roof; new windows; new storefronts; new sound abatement technology and self-leveling concrete floors; new structural steel; new elevator; new door/building access systems; ... and more. The property is located just west of the Central Business District (CBD) and the Gateway Arch in the heart of St. Louis' Loft/Garment District. It is across the street from the newly renovated The Last Hotel, and it's around the corner from the newly renovated 21c Museum Hotel-St. Louis. It is very close to the municipal courts, the civil court house, & the federal court house. It is 1.5 miles from the new $1.7B United States National Geospatial-Intelligence Agency West facility, or Next NGA West.

FOR SALE DETAILS

PRICE

$1,495,000 USD

PRICE/SF

$55 USD /SF

CAP RATE

10.62%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Monkey Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1879

SPRINKLERS

-

PARKING SPACES

171

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

I

APN/PARCEL ID

0833-00-0010-0

ASK ABOUT THIS PROPERTY

Brad WaldropKing Realty AdvisorsMore Info
314-280-6646

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Brad WaldropKing Realty AdvisorsMore Info
314-280-6646

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