Commercial for Sale: 12030 Manchester Road, St Louis, MO 63131

2,250 sqft
$1,500,000
$1,500,000
12030 Manchester Road, St Louis, MO 63131
2,250 sqft
$1,500,000
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Price:
$1,500,000
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Type Commercial
Square Footage 2,250 sqft
Lot Size 0.30 acres
Year Built 1956
Taxes Paid $10,384
City St Louis
County St Louis
Subdivision Manhattan Heights Add
MLS 24034444
Status Active
DOM 167 days
Opportunity to own 3 parcels of land located on Manchester Road in Des Peres. Great investment property or redevelopment opportunity. The 3 parcels consist of 1 fully leased commercial building, 2,250 sf with 3 tenants at 12030 Manchester Road and 2 residential home parcels adjacent (behind) the commercial building at 1087 & 1091 Kinstern Drive. 1091 Kinstern is 1200 sf, 3 bedroom 1 bath with basement and 1 car garage, 1087 Kinstern is 1075 sf, 2 bedroom, 1 bath, basement and 1 car garage. All 3 parcels have been zoned commercial for any redevelopment but current use residential is allowed. Commercial building has three tenants currently, each residential property has a tenant currently. All are on month to month leases to allow options for new owner. Secure term leases with increases to market rates and improve NOI or end leases and make all parcels available for redevelopment, options are open. Current lease income less taxes and insurance is generating NOI of $80,000.

Lot & Building Features

Construction Conventional
Cooling Electric
Heating Forced Air, Individual Unit
Parking Description Asphalt
Sewer Public Sewer
Tax Year 2023
Water Public

Price History of 12030 Manchester Road, St Louis, MO

Date Name Price Difference
06/05/2024 Listing Price $1,500,000 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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Photo of Jen + Sarah
Listed by Select Group Realty, Robert Hudspeth
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12030 Manchester Road (MLS #24034444) is a commercial listing located in St Louis, MO. This commercial listing is 2,250 sqft and on a lot of 13,068 sqft (or 0.30 acres) and is 68 years old. This property was listed on 06/07/2024 and has been priced for sale at $1,500,000.

Nearby zip codes are 63011, 63021, 63122, 63124 and 63141. This property neighbors other cities such as Ballwin, Des Peres, Frontenac, Kirkwood and Town And Country.

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Listing information courtesy of: Select Group Realty

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