Active

5400 Magnolia Avenue

St Louis, MO 63139
2,581 sqft
$350,000
Photo of 5400 Magnolia Avenue St Louis MO 63139

Details

Available individually or as a package, 5400-4 Magnolia Avenue are three properties that offer a prime opportunity to both owner-users, investors, or developers. One storefront is currently vacant and offers owner-users the ability to move their business into a building with significant rental income. Investors can fill the vacant space while adding fantastic buildings to their portfolio. Existing rents in the other units are well below market which also offers additional upside. The site offers great potential for group up development. Package Total: $700,000 Or Individually, with the following details: 5400 Magnolia ($350,000): +/- 2,581 SF; two (2) retail storefronts on the first floor and one (1) apartment on the second floor; all spaces fully leased. 5402 Magnolia ($195,000): +/- 900 SF; one (1) retail storefront; vacant. 5404 Magnolia ($155,000): +/- 800 SF; one (1) apartment; fully leased. **Reach out for lease details or to schedule a tour today.**

Specs

Type Commercial
Square Footage 2,581 sqft
Lot Size 0.06 acres
Year Built 1891
Taxes Paid $2,216

Lots & Building Features

Cooling Electric
Heating Forced Air
Parking Description Other
Sewer Public Sewer
Tax Year 2023
Water Public

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Financing

$
20%
0.63314285714286%
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

Area

City St Louis
County St Louis City
Subdivision Southwest Garden
Ben Gruender & Garen Lafser, Salient Realty Group, LLC