3165 Mckelvey RdBridgeton, MO 63044

For Sale
$3,495,000

Prime Medical Office, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 51,067 square foot medical office building, located at 3165 McKelvey Rd, Bridgeton, MO 63044, presents a compelling investment opportunity. The Class B property, built in 1981, sits on a substantial 6.16-acre lot and boasts 265 parking spaces, ensuring ample convenience for patients and staff. Currently operating at 58% occupancy, this multi-tenant building offers significant potential for increased revenue. The building features an elevator for easy accessibility throughout its three floors. The asking price is $3,495,000, translating to $68.44 per square foot. This represents a strong value proposition considering the property's size, location, and existing tenant base. The gross lease structure simplifies management, while the substantial lot size allows for future expansion or redevelopment. The property's 2021 real estate tax assessment was $88,939.40. This is an ideal owner-user opportunity for a medical practice seeking to establish a permanent presence in a thriving community, with the added benefit of potential rental income from existing tenants. The building's masonry construction ensures durability and longevity. This property offers a rare combination of size, location, and potential, making it an attractive investment for discerning buyers.

Highlights

  • 51,067 SF medical office building on a 6.16-acre lot.
  • Approximately 58% occupied.
  • Elevator service.
  • 265 parking spaces.
  • Built in 1981.
  • 2021 real estate taxes: $88,939.40.

Property Details for 3165 Mckelvey Rd

Property type
Other office properties, Medical offices
Square Feet
51,067 SF
Class
B
Year Built
1981
Lot Size (sq. ft)
268,330 SF

Location Insight

City
Bridgeton
County
St. Louis
State
Missouri
Latitude
38.7450795
Longitude
-90.4388142
3165 Mckelvey Rd, Bridgeton, Missouri

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3165 Mckelvey Rd
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