2495-2499 Raymond Dr - Loft/Creative Space FOR SALE


Saint Charles, MO 63301
$650,000 USD
636-448-5171
2495-2499 Raymond Dr, Saint Charles, MO for Sale
$650,000 USD
Loft/Creative Space - FOR SALE
1/48
null | 7.34% Cap Rate

2495-2499 Raymond Dr
Saint Charles, MO 63301


HIGHLIGHTS

  • 2,000 sf of office/retail is available NOW for an owner user and Lease the 4,000 sf to the State of Missouri. 2,000sf is available for Lease
  • 6,000 sf brick building available for sale and or Lease.
  • 4,000 sf has been Leased to the State of Missouri for a Drivers Testing facility since 1996!
  • Both of the 4,000 sf and the 2,000 sf units are all electric and have separate electric meters
  • St. Charles License Office recently vacated the 2,000 sf after many years of occupancy (at $24.00/sf Modified Gross)

OVERVIEW

This two unit brick exterior building on Raymond Dr. in St. Charles offers a newer roof, quick and easy access to I-70 and Hwy 370.2495 Raymond Dr.: 4,000 sf of office space was built in 1985 is leased to the State of Missouri's for $9.32/sf Modified Gross, or $37290/Year. 2499 Raymond Dr.: 2,000 sf of office space was built in 2007 is AVAILABLE NOW to an owner user or Tenant at a Lease Rate of $18.00/sf Modified Gross. The Income and expenses shown herein were for Year Ending in 2023.Cap Rate is based on 2023 Expenses and at current asking Lease Rate of $18.00/sf Modified Gross.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$108 USD /SF

CAP RATE

7.34%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Storefront Retail/Office, Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

55

LAND DETAILS

LAND ACRES

0.87 AC

LAND SF

37,897 SF

ZONING

Commercial

APN/PARCEL ID

6-010D-3280-00-0012.0150000

ASK ABOUT THIS PROPERTY

Scott SaccoKW CommercialMore Info
636-448-5171

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Scott SaccoKW CommercialMore Info
636-448-5171

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