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

November 22, 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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