9147 Watson Rd, St. Louis, MO

Office for Sale - $699,935 - 5,208 Sq. Ft. on 0.96 acres


Agent Info

Hal Hanstein
Cardinal Realty Group, Inc.

Property Info

CIMLS#1075964
Location
  9147 Watson Rd
  St. Louis MO 63126
UpdatedJune 30th, 2020
TypeOffice
Price$699,935
Building5,208 Sq. Ft.
Land0.96 acres

Contact


Property Description

For Sale or Lease

Free-standing 5028 SF Commercial Office/Retail/Medical/Lab Building situated on a 41,950 SF lot on Watson Road. The property is located east of the former Crestwood Plaza at the signalized intersection Watson Industrial Park and is easily accessible from the west via the U-Turn Lane.

Ground floor opportunity to own or lease an affordable Office or Boutique Retail/Restaurant in a unique “neighborhood” community before the development of the Crestwood Plaza inflates the land values of the neighboring commercial properties. The entire property is also available to lease, or the owners will sub-divide the building for multiple tenants.

The building was constructed in 1955, and has a long history in Crestwood along Watson Rd-Historic “Rt 66.” The most notable occupants were Bellistri’s Steak House from 1958-1976, then Jacks or Better/Ground Round, and later the property was transformed into a two-tenant dental and real estate office. The next life cycle of the property is up to you; possibly as a restaurant/ retail store or as a business office for a large variety of professional users including, accountants, attorneys, insurance agents, surveyors, architects, computer and programmers, sales and manufacture representatives, lab space, marijuana “green” friendly, and many more. There is plenty of “Free” Parking with room for 45 vehicles, and Metro Bus 21-Watson Rd providing daily public transportation to the site.


Financials

Proforma

Gross Income-$74572

- Expenses $19900

NOI $54582

Cap Rate-7.8%



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