Active
12030 Manchester Road
St Louis MO, 63131
$1,500,000
$666.67 per sqft
Active
2,250 sqft
Commercial
Built in 1956
Opportunity to own 3 parcels of land located on Manchester Road in Des Peres. Great investment property or redevelopment opportunity. The 3 parcels consist of 1 fully leased commercial building, 2,250 sf with 3 tenants at 12030 Manchester Road and 2 residential home parcels adjacent (behind) the commercial building at 1087 & 1091 Kinstern Drive. 1091 Kinstern is 1200 sf, 3 bedroom 1 bath with basement and 1 car garage, 1087 Kinstern is 1075 sf, 2 bedroom, 1 bath, basement and 1 car garage. All 3 parcels have been zoned commercial for any redevelopment but current use residential is allowed. Commercial building has three tenants currently, each residential property has a tenant currently. All are on month to month leases to allow options for new owner. Secure term leases with increases to market rates and improve NOI or end leases and make all parcels available for redevelopment, options are open. Current lease income less taxes and insurance is generating NOI of $80,000.
24034444
MLSⓇ ID
June 5, 2024
Listed
August 23, 2024
Updated
Map
12030 Manchester Road
St Louis MO, 63131
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
Electric
Heating
Yes
Heating Description
Individual Unit, Forced Air
Exterior/Building Features
Lot Size
0.3 Acres
Roof
Other
Sewer
Public Sewer
Other Property Details
Area Name
Kirkwood
Taxes
$10,384
Tax Frequency
Annually
Days on Market
1
Garage
No
Parking
Asphalt
View
No
County
St Louis
Municipality
Des Peres
Water Source
Public
Pool
No
Zoning
Commercial
Courtesy of Select Group Realty, Robert Hudspeth
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