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$ 1,650,000
Est. payment | /mo
8,250 Sqft Lot
$ 1,650,000
Est. payment | /mo
8,250 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision F M Sterrett Add To Forrest Park
MLS Listing ID 26037924
Year Built 1925
Annual Tax Amount $16,386
Lot Size 8,250 Sqft
Acres 0.1894
Property Description
Exceptional opportunity to acquire a 9-unit mixed-use investment property in the highly sought-after Clayton School District, ideally situated in Richmond Heights. Located just steps from SSM Health–St. Mary's Hospital and within walking distance of DeMun, Forest Park, downtown Clayton, and the vibrant amenities of Richmond Heights/Clayton, this property offers an unbeatable combination of location and long-term upside. The asset features established commercial tenants with multi-year leases already in place, providing stable income and reduced turnover risk. Current residential rents are estimated to be $55–$175 below market comparables, presenting an attractive value-add opportunity for investors seeking increased cash flow through future rent growth. Recent capital improvements include a roof that is only four years old, helping minimize near-term maintenance expenses. Additional amenities include front parking for seven vehicles and an expansive 6,273-square-foot basement offering abundant storage or potential for additional income-producing space. With strong tenant demand, excellent walkability, desirable school district access, and significant upside potential, this is a rare opportunity to add a well-positioned mixed-use asset to your investment portfolio.
Location
State MO
County St. Louis
Area 226 - Clayton
Interior
Heating Forced Air
Flooring Ceramic Tile, Wood
Fireplace N
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N No
Building
Structure Type Brick
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Listing As Is
Listed by Peter Lu • EXP Realty, LLC
Nearby Locations
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