Property for Sale: 7570 Watson, St Louis, MO 63119 SOLD
$2,650,000
$2,650,000
7570 Watson,
St Louis, MO 63119 SOLD
$2,650,000
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Selling Price: $2,650,000
Original List Price: $2,995,000
Sold at 88.5% of list price
Sold Date: 09/29/2022
Type Commercial
Lot Size 1.67 acres
Year Built 1985
Taxes Paid $25,367
City St Louis
Area Affton
County St Louis
Subdivision Kenneth Mackenzie Sub
MLS 22013555
Status Closed
DOM 130 days
Fully-occupied shopping center now available for sale!
Route 66 Plaza is an established 14,876 square foot shopping center comprised of 5 tenants. The center was built in 1985 and occupies 1.57 acres. Route 66 Plaza includes a renovated storefront façade and pylon sign along Watson Road.
This stabilized retail asset represents an ideal 1031 exchange opportunity given the low maintenance construction of the building, NNN lease structures in place, and attractive CAP rate. The existing tenants have an average of 4 years remaining of the lease term. Below-market rents present a value-add opportunity for future ownership.
Lot & Building Features
Cooling Electric
Heating Forced Air
Parking Description Asphalt
Sewer Public Sewer
Tax Year 2021
Water Public
Price History of 7570 Watson, St Louis, MO
Date | Name | Price | Difference |
---|---|---|---|
03/08/2022 | Listing Price | $2,650,000 | N/A |
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed. |
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