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348974
348976

7521-7565 Ravensridge Road, St. Louis, MO 63119

MC
MO MO 2018031205
Worth Clark Realty
Listed by Worth Clark Realty
$1,990,000
3001 days on market
Updated 135 days ago

Georgetown Center

Details
APN 24J-41-0060
Property Type Office, Retail
Sub Type Creative Office, Day Care/Nursery (+1)
Square Footage 18,000
Net Rentable (SqFt) 18,000
Units 16
Occupancy 69%
Tenancy Multi
Brand/Tenant Georgetown Center
Lease Type NNN
Rent Bumps Yes
Pro-Forma Cap Rate 8.14%
Pro-Forma NOI $162,000
Price per SqFt $111
Broker Co-Op Yes
Class C
Year Built 1969
Year Renovated 2025
Buildings 3
Stories 1
Acreage 2.170
Zoning Commercial
Parking Spaces 6.45 per 1,000 sq ft
Investment Type Stabilized
Sale Condition For sale by owner

Stabilized Commercial Office/Retail Building For Sale

Marketing description

Introducing the Georgetown Center, a prime commercial property located at 7521-7565 Ravensridge Road, St. Louis, MO 63119. This investment opportunity offers 17,980 S.F. of space at a competitive purchase price of $1,910,250 with an attractive 8.00% Cap Rate. Boasting three buildings with a total of 12 units, this property sits on 2.17 acres and presents significant value-add and development potential. Featuring a loading dock, ample parking with a ratio of 6.45/1,000 S.F., and the possibility for a build-to-suit additional building facing Watson Road, this property is a gem waiting to be optimized. Strategically zoned as "C-1" in a high-traffic area visible from Watson Road, the property benefits from convenient access to major roads and freeways, making it an ideal commercial location. With demographics showing a strong population, households, and income within a 5-mile radius, the Georgetown Center presents a compelling opportunity for investors seeking steady returns and long-term growth.

Listing Contacts

MC
MO MO 2018031205
Worth Clark Realty
Listed by Worth Clark Realty

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Additional Information

Name
Mark Clarkson
License
MO 2018031205
Brokerage
Worth Clark Inc.
Brokerage Phone
800-991-6092
Title
Stevens Barks
Brokerage Address
100 Chesterfield Business Parkway
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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