$795,000

3910 Lindell

St Louis MO, 63108

Description

Back on market at no fault of seller. Central West End commercial redevelopment opportunity. Prime location next to St Louis University and Cortex. 15,132 SF Building (3 floors @5,044 each). Potential uses include multi-family student housing, office space, co-working, micro apartments, mixed use. Location, high rents for student housing make this an attractive conversion. Spec drawings and renderings available for 18 apartments with (15) one bedroom and (3) two bedroom apartments. Market rent for updated 1 beds close by renting for $890-$1,370 and 2 beds from $1,195 to $1,795 there is the potential for $16,935-$25,935 in gross monthly income and $203,220-$311,220 in annual gross income depending on finishes, amenities. With 40% expense/vacancy of the gross rent net income could range from $121,932-$186,732 annually. Located in an opportunity zone. Rear parking lot w/ 12 spaces. Also available for $295,000 is adjacent parking lot at 3909-11 West Pine with approximately 33 parking spots

Details

MLS#20054195
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1897
Days On Site92

Features

SQ Feet15,132
Acreage0.25
Loading Form
Loading Form
Area Information
StateMO
CountySt Louis City
CitySt Louis
Zip Code63108
CountyCentral West
Listing VS Median (in 63108)
Price:
$795,000
low | high
Med:
$340,000
100% of Average
SqFt:
15,132
low | high
Med:
3,322
100% of Average
$ / SqFt:
$53
low | high
Med:
$102
44.808764894982% of Average
On Site:
92
low | high
Med:
38
100% of Average
Listing Updated: 10/21/2020
Jordan Schoen LogoMLS Number: 20054195
Listing Provided By:
Jordan Schoen  of  Invest St. Louis

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Maris MLS.