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32379287
32379288

9260 W FLORISSANT AVE, SAINT LOUIS, MO 63136-1423

TA
2006016963
A&M Realty Inc
Listed by A&M Realty Inc
$1,950,000
24 days on market
Updated 24 days ago
Opportunity zone

Empire Auto & Service

Details
APN 12G130659
Property Type Retail
Sub Type Auto Shop
Units 3
Year Built 1972
Year Renovated 2003
Stories 1
Acreage 2.170
Zoning c-2
Ground Lease No

Empire Auto & Service

Marketing description

Retail • 17,160 SF • 09/08/2023

Investment highlights

9260 / 9290 W Florissant Ave, St. Louis, MO

Empire Auto & Service presents a rare opportunity to acquire an automotive service property with strong owner-user, investment, and lease-up potential. Located at 9260 and 9290 W Florissant Ave in St. Louis, Missouri, the offering consists of two automotive/commercial buildings totaling approximately 17,430 square feet across two parcels totaling approximately 2.17 acres.

The site benefits from excellent frontage, access, and visibility along W Florissant Ave, with traffic counts of approximately 17,000 vehicles per day. The property is well-positioned for an automotive operator, truck service company, fleet maintenance user, investor, or buyer seeking a commercial property with existing automotive infrastructure already in place.

Property Overview

The building at 9260 W Florissant Ave is approximately 6,630 square feet and is currently used as an auto mechanic/service shop. This building includes approximately six overhead/service doors, providing strong functionality for vehicle repair, service, tire work, and related automotive operations.

The building at 9290 W Florissant Ave is approximately 10,800 square feet and includes approximately four larger commercial/truck service doors, making it suitable for truck repair, larger vehicle service, fleet operations, storage, or additional commercial use.

Combined, the property offers approximately 10 total overhead/service doors, strong yard/parking capacity, and a flexible layout for multiple automotive or commercial uses.

Business and Occupancy

The current owner operates the automotive service business from the property, does not pay himself rent, and intends to sell the property and business without remaining as a tenant after closing.

The owner-operated business currently generates average income of approximately $102,000, based on information provided by the owner. This creates a potential opportunity for a buyer to acquire the real estate, equipment, and existing business infrastructure, subject to final terms and due diligence.

In addition, a portion of the property is occupied by a tenant who has reportedly completed approximately $30,000 in tenant improvements and is expected to remain on a month-to-month lease. This provides flexibility for a purchaser who may wish to keep the tenant in place, renegotiate lease terms, expand into the space in the future, or lease additional space at market rent.

Equipment Included

A major benefit of this offering is that the owner is willing to include existing automotive equipment in the sale, subject to final inventory verification.

Equipment may include:

• Approximately six vehicle lifts

• Screw compressor

• Additional compressors

• Tools

• Other shop equipment and automotive-related items

This creates a strong turnkey opportunity for an owner-user or automotive operator seeking a facility with existing infrastructure already in place.

Investment and Lease-Up Potential

All projected rents, income assumptions, net operating income, and valuation figures should be understood as projections based on estimated market rent and future leasing assumptions, not historical rent currently being paid by the owner’s business.

Because the owner does not currently pay rent to himself and does not intend to remain after closing, the projected NOI is intended to show what the property could potentially produce if leased to a new operator, occupied by the buyer, or leased at market rates.

Property Highlights

• Approximately 17,430 total building square feet

• Approximately 2.17 total acres

• Two parcels on W Florissant Ave

• Approximately 6,630 SF building at 9260 W Florissant Ave

• Approximately 10,800 SF building at 9290 W Florissant Ave

• Approximately 10 total overhead/service doors

• Existing automotive service infrastructure

• Equipment available as part of sale, subject to verification

• Month-to-month tenant in place in a portion of the property

• Tenant reportedly completed approximately $30,000 in improvements

• Traffic counts of approximately 17,000 vehicles per day

• Zoned Commercial Medium – C2

• Constructed in 1972

• Strong owner-user, investment, lease-up, or redevelopment potential

Suggested Uses

The property may be suitable for:

• Auto repair and service

• Truck repair

• Tire shop

• Fleet maintenance

• Vehicle storage

• Contractor yard

• Equipment service

• Commercial storage

• Owner-user business operation

• Multi-tenant lease-up opportunity

• Redevelopment or repositioning

Summary

With approximately 17,430 total building square feet, two parcels totaling approximately 2.17 acres, multiple service bays, existing automotive infrastructure, included equipment, tenant improvements, and projected rental upside, Empire Auto & Service is well-suited for an owner-user, investor, automotive operator, truck service company, fleet maintenance user, or redevelopment-minded buyer looking for a strategic commercial property in a high-traffic St. Louis corridor.

Disclosure / Broker Note

All income, rent, NOI, and valuation figures are based on projections and market-rent assumptions unless otherwise stated. The current owner operates the automotive business from the property, does not currently pay rent to himself, and does not intend to remain as a tenant after closing. Buyer shall independently verify all financial information, tenant lease status, equipment inventory, building sizes, zoning, permitted uses, and projected income assumptions during the due diligence period.

Offering Memorandum

Listing Contacts

TA
2006016963
A&M Realty Inc
Listed by A&M Realty Inc

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