Value-Add Property South of Anheuser-Busch

This brick 4-family property, featuring all 1-bedroom units and spanning 3,190 square feet, is a great opportunity waiting for the right investor. Here’s why this property stands out:

  1. Ideal Location: This property is located just south of the iconic Anheuser-Busch Brewery and Downtown St. Louis.
  2. Prime Investment: With some updates already in place, this property offers tremendous value-add potential. Basic updates throughout could push rental income to match the average rent comparables nearby, currently at $720 per month, annualizing at $34,560.
  3. Comparable Sales: Recent sales of nearby 4-family properties have ranged from $250,000 to $370,000, depending on size and updates. This reflects promising market potential.
  4. Package Deal Opportunity: This property can be purchased individually or as part of a larger portfolio of other four-family properties in South City. Inquire for additional information on portfolio options.
  5. Sold As-Is: The property will be sold as-is, allowing you to make renovation decisions that align with your investment strategy.

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Opportunity To Purchase Historic Mixed-Use At Laclede’s Landing

Building Location

  • This historic brick building is located at Laclede’s Landing in Saint Louis, MO.
  • It is steps from the renovated arch grounds, Eads Bridge, Metrolink Station, Four Seasons Hotel, Lumiere Casino, the Mississippi River and the recently re-built Leanor K. Sullivan Blvd with new bike lanes and pedestrian space. The location is a 5-min walk (1-min on Metrolink) to downtown’s loft district and convention center and a 10-min walk (3-min on Metrolink) to Busch Stadium.

Building History

  • In 1875, the Buck Stove & Range Co. began manufacturing at this site. In 1906, the metal polishers went on strike for a nine-hour workday. BS&R obtained an injunction, broke the boycott, and later filed a contempt claim with the United States Supreme Court. The case, Gompers V. Buck Stove and Range Co. (221 U.S. 418), was dismissed May 15, 1911.  The First Street Ironworks Building was the location of the last Laclede’s Landing machine shop and stands as one of the area’s most historically accurate renovations.

 

Street Level Tenant: 1st & 2nd Floors – 7,260 SF:

  • Turn-key, two-story restaurant ideal for BBQ, Brunch, Burger and Pizza concepts. Most recently utilized as an Axe Throwing Bar, the space can also be utilized as an event and/or creative space.
  • 1st floor includes 400 sq ft. Separable Storefront with various potential uses: Coffee, Donuts, Cupcakes, Souvenirs; Ice-cream; Funnel Cakes, etc.
  • 1st floor is fully furnished with 18 tables (72 seats), a bar (10 seats), a stage, a men’s bathroom (1 toilet and 2 urinals) and a woman’s bathroom (3 toilets).
  • 1st floor has a front patio section that can accommodate an additional 48 seats.
  • 2nd floor is fully furnished with 15 tables (60 seats), a bar (6 seats), 4 pool tables (usable as dining/brunch with tabletops: 24 seats), a men’s bathroom (1 toilet) and a woman’s bathroom (1 toilet).
  • Total seating capacity is 220 and maximum capacity is 236.
  • Turn-key kitchen with a $30,000 hood.
  • The 1s floor front patio/sidewalk is ideal for several large BBQ smokers.

 

Lower Level Tenant: 2 Lower Levels – 6,188 SF:

  • Beautiful stone-wall space featuring a mezzanine overlooking a lower level. Most recently used as a music/dance venue, the space is also ideal for bierhall, wine cellar, event space and performing arts concepts.
  • The space has separate entrances from the front and back of the building.
  • Mezzanine level is partial, overlooking the stage and the 1st level, with 10 booths (40 seats) a bar (10 seats) and 5 tables (20 seats).
  • Lower level includes an elevated stage, a bar (12 seats) and an open floor usable for dancing or or tables (additional 40 seats), a men’s bathroom (2 toilets and 2 urinals) and a woman’s bathroom (4 toilets).
  • Lower level also includes two 100 sq ft. walk-in coolers.
  • Total seating capacity is 122 and maximum capacity is 136.

 

3rd Floor Tenant – 3,630 SF:

  • Huge top floor, loft-style apartment overlooking the Arch Grounds, the Mississippi River, and the Eads Bridge.
  • The space features two full bathrooms, an open-floor plan kitchen & common area and two huge bedrooms with seven beds.

 

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Paying buyers agent 1.5%

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Quad-plex in South Hampton

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Updated Three-Family in the Grove

Opportunity to purchase a renovated 3 family in The Grove. Located across the street from a park, near Forest Park, Barnes-Jewish Hospital, Washington University Medical School, The Cortex, and The Botanical Gardens.

This 3,652 sq. ft. building has a recently renovated 1,800+ sq. ft. 2-story townhome with 3 beds and 1.5 baths. Features include an updated kitchen with stainless steel appliances, updated bathrooms, a fireplace, central air, hardwood floors, a fenced backyard, and off-street parking. Perfect for owner occupancy or for an investor. There are also 2 one-bedroom units with one unit rented for $1,195 and $995.

The potential income is over $50,000 annually if fully rented. Average rent for similar size townhomes within a mile in the last year is $2,304 and the average rent for a similar size 1 bedroom is $1,402. There are two separate basements, the east basement has a bathroom with a shower, and two partially finished rooms.

Take the virtual tour: https://my.matterport.com/show/?m=xLoqix8ZGs9

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Unique Well Maintained Benton Park Four Family

Unique well-maintained 4,032 sq ft four family building located in Benton Park. Walkable to Benton Park, Lafayette Square, Blue City Deli with easy access to highway 44. Building features two 2 bedroom units and two 1 bedroom units. Three units are currently occupied; the 1 beds are currently rented for $500 and $475, the 2 bed is rented for $700. With updates the 1,200 sq ft 2 bedroom units could potentially rent for $975 and the 1 beds for $600 for each. Fully rented with updated units the gross monthly income could be $3,250 a month and $39,000 annually. Building has updated systems including electrical panels, HVAC, plumbing, central air. The property includes a landscaped courtyard and area for potential off-street parking.

Expenses:
Water/Trash $1,400
Sewer $840
Maintenance $4,000
Insurance $1,816
2019 Taxes $2,857
Total $10,913

Paying buyers agents 2.70%

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