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    3909 W Pine

    St Louis, MO 63108
    • $295,000
    • STATUS: Active
    • ON SITE: 126 days
    • ID#: 20054549
    UPDATED: 50 min ago
    $295,000
    • 0
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    County:
    Area:

    School Ratings & Info

    Description

    This parking lot is approximately 33 parking spots just west of St. Louis University campus which is currently rented to the apartment building at 3900 Lindell. The parking lot is currently leased month to month under market rent at $1,500 a month, the amount charged for parking could be raised substantially. 3909-11 West Pine can only be purchased with 3910-12 Lindell which is available for sale for $795,000. There is the potential to purchase and use part of the parking lot at 3909-11 West Pine for parking at 3910-12 Lindell and lease out the remainder of the parking to the apartment building next door. There is also the potential to build a small multi family or to resell the parking lot to a developer or St. Louis University in the future as St. Louis University owns the parking lot directly to the east of 3909-11 West Pine.

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    Listing information © 2020 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2020-12-05T19:48:56.777.

    Kelly Hager Group | TdD Premier Real Estate: (636) 778-1217
    www.stlouisareahomesearch.com/homes/108422648
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    3909 W Pine St Louis, MO 63108

    • Price: $295,000
    • Status: Active
    • Updated: 50 min ago
    • ID#: 20054549
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    Neighborhood:
    Lindells Add
    County:
    St Louis City
    Area:
    Central West
    Property Description
    This parking lot is approximately 33 parking spots just west of St. Louis University campus which is currently rented to the apartment building at 3900 Lindell. The parking lot is currently leased month to month under market rent at $1,500 a month, the amount charged for parking could be raised substantially. 3909-11 West Pine can only be purchased with 3910-12 Lindell which is available for sale for $795,000. There is the potential to purchase and use part of the parking lot at 3909-11 West Pine for parking at 3910-12 Lindell and lease out the remainder of the parking to the apartment building next door. There is also the potential to build a small multi family or to resell the parking lot to a developer or St. Louis University in the future as St. Louis University owns the parking lot directly to the east of 3909-11 West Pine.
    Exterior Features

    Building Type None Exterior Other Land Info Leased Lot Dimensions 40 X 214 X 40 X 214 Parking Description Parking Lot Parking Spaces 33 Road Access Alley Access Road Frontage 40 Unit Location City

    Interior Features

    Cooling None Heating Other/None Interior Walls Non Applicable

    Property Features

    Association St. Louis Association of REALTORS Commercial Property Type Commercial Land Conditions Unknown Cross Street Address Vandeventer Current Use Other Disclosures Sellers Discl Not Av Electric Service Other Gross Operating Income 18000.00 Lease Terms None Lot Size Source County Records Net Income 16839.00 Offering Sale Possession At Closing Possible Buyer Fees YN No Sale Includes Land Only Selling Terms CashConventionalExchangeOther Sewer Public Special Listing Conditions None Tax Exempt 0 Tax Year 2019 Taxes Paid 1161 Total Expenses 1161.00 Utilities Available Other Water Public Year Built Description Unknown Zoning Commercial

    Listing provided courtesy of Invest St. Louis. Listing information © 2020 Mid America Regional Information Systems, Inc.
    Listing information © 2020 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2020-12-05T19:48:56.777.

    Kelly Hager Group | TdD Premier Real Estate: (636) 778-1217
     
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    Kelly Hager Group | TdD Premier Real Estate
    16091 Swingley Ridge, Suite 220
    Chesterfield MO, 63017