Sold
7570 Watson
St Louis MO, 63119
Price upon request
Sold
Commercial
Built in 1985
Fully-occupied shopping center now available for sale!
Route 66 Plaza is an established 14,876 square foot shopping center comprised of 5 tenants. The center was built in 1985 and occupies 1.57 acres. Route 66 Plaza includes a renovated storefront facade and pylon sign along Watson Road.
This stabilized retail asset represents an ideal 1031 exchange opportunity given the low maintenance construction of the building, NNN lease structures in place, and attractive CAP rate. The existing tenants have an average of 4 years remaining of the lease term. Below-market rents present a value-add opportunity for future ownership.
22013555
MLSⓇ ID
March 21, 2024
Updated
Map
7570 Watson
St Louis MO, 63119
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
Electric
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
1.67 Acres
Sewer
Public Sewer
Other Property Details
Area Name
Affton
Taxes
$25,367
Tax Frequency
Annually
Days on Market
130
Garage
No
Parking
Asphalt
View
No
County
St Louis
Water Source
Public
Pool
No
Zoning
C1 - Commercial Shopping District
Buyer Agency Compensation
3%
Courtesy of Manor Brokerage, LLC, Benjamin R Cherry
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