7570 Watson

St Louis, MO, 63119

$2,995,000

$2,995,000
Active
Active
 - For Sale
property_type
Commercial
calendar
Built 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 façade 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.
MLS® ID:
22013555
Updated:
8/16/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Cooling
Electric
Heating
Forced Air

Exterior/Building Features

Lot Size
1.67 acres lot
Sewer
Public Sewer

Other Property Details

Area Name
Affton
Taxes
$25367
Tax Frequency
per YEAR
Garage
No
Parking
Asphalt
View
N
County
St Louis
Utilities
Electricity Available, Water Available
Water Source
Public
Pool
No
Zoning
C1 - Commercial Shopping District

Property History

Date
Event
Price
Value
5/9/22
Active
-
-
4/7/22
Pending
-
-

Courtesy of Manor Brokerage, LLC

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