$360,000
$345,000
4.3%For more information regarding the value of a property, please contact us for a free consultation.
2612 Telegraph RD St Louis, MO 63125
9,534 SqFt
Key Details
Sold Price $360,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 9,534 sqft
Price per Sqft $37
Subdivision Carondelet Commons
MLS Listing ID 25002005
Sold Date 02/24/25
Year Built 1955
Lot Size 0.548 Acres
Acres 0.548
Property Sub-Type Retail
Property Description
DO NOT DISTURB TENANTS. Prime investment opportunity! The retail center at 2608-2616 Telegraph Rd in the Affton-Lemay area features four long-term established tenants with leases, providing steady income and stability. Current lease rates are below market, offering significant value-add potential. This center encompasses two buildings totaling +/-9,500 SF and sits on a paved lot with 20 parking spaces and features a roof replaced within the last 10 years, along with recent updates to tuckpointing, awnings, and HVAC systems. Tenants cover electric, gas, water, and trash expenses. Strategically located near major roads and amenities, this property combines solid cash flow with room for increased returns, making it an excellent addition to any investor's portfolio. Location: City, High Traffic, Retail Center
Location
State MO
County St. Louis
Area 331 - Mehlville
Interior
Heating Electric, Natural Gas, Forced Air
Cooling Central Air, Electric
Fireplace N
Exterior
Parking Features false
Utilities Available Electricity Available, Natural Gas Available, Water Available, Sewer Available
Roof Type Flat
Building
Sewer Public Sewer
Water Public
Structure Type Other,Brick,Concrete,Block
Others
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Standard
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Bought with JasminaRamic