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

Listings displaying the MARIS logo are courtesy of the participants of MO - Mid America Regional Information Systems (MARIS) Internet Data Exchange. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Aimee Simpson shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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