1401 Florissant Rd StSt. Louis, MO 63121

For Sale
$700,000

8,750 SF Auto Shop/Flex Space

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 8,750-square-foot commercial property, located at 1401 S Florissant Rd, St. Louis, MO 63121, presents a unique investment opportunity. Built in 1964 and extensively renovated in 2021, this Class A building boasts a single story and 15 loading docks, making it ideal for a variety of uses. Currently configured as an auto body and repair shop, the open floor plan offers significant flexibility for conversion into office space or other commercial ventures. The property is offered for sale at $700,000, representing a price per square foot of $80. A current tenant occupies the space under a NNN lease with 1.7 years remaining on a 5-year term (commencing August 1, 2021, and expiring July 31, 2026), ensuring a stable income stream. The property's strong performance is reflected in its 100% occupancy rate and a pro-forma NOI of $54,000, yielding a 7.71% pro-forma cap rate. This prime St. Louis County location offers significant potential for future growth and return on investment. The property is zoned for various uses, making it an attractive option for owner-users or investors seeking a versatile and high-performing asset. Serious inquiries only. Please do not disturb the tenant.

Highlights

  • Investment opportunity.
  • 20-bay auto repair facility.
  • Former Maaco location.
  • High potential for diverse uses.
  • Currently configured for auto body, paint, and repair; suitable for car sales.

Property Details for 1401 Florissant Rd St

Property type
Lifestyle centers, Power centers
Square Feet
8,750 SF
Class
A
Year Built/Renovated
1964/2021
Buildings
1
Stories
1

Location Insight

City
St. Louis
County
St Louis
State
Missouri
Latitude
38.726479
Longitude
-90.3038459
1401 Florissant Rd St, St. Louis, Missouri

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1401 Florissant Rd St
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