Excellent investment opportunity to own a versatile Commercial Office/ Retail Property w/ 1270 Sqft in the LL and 1,270 Sqft on 2nd floor. Total strip is 8,400 Sq Ft+ 2 full basements; being sold AS IS; on a building that has had substantial rehab. Potential seller credit available. Located in the Downtown Overland, MO district! Site has 20+ rear parking lot along w/ front off-street parking in Overland business district.The property contains 5 storefronts, 2 of which have a 2nd floor condos. The units range from 658 SF to 2,600 SF. Also for sale are 2536, 2538, 2540, and 2542 Woodson Rd with condos 2536A and 2540A Woodson. Some units Leased. Updates required. Offered at the current Cap Rate of 17.5%, or occupy the current owner's space and collect rent from the other 6 Tenants. Woodson Rd. benefits from 11,688 V.P.D. w/ convenient access to I-170 and I-70. Proximity to Lambert Airport. Motivated.
Listing courtesy of TMS Realty, LLC.
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