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1530 S Big Bend Blvd
Richmond Heights, MO 63117
Richmond Heights Small Office Building · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Current NOI $31,610.39 representing a 9.1% cap Rate. Investment or owner-user opportunity.
- Located on S. Big Bend Blvd. in Richmond Heights, St. Louis County, MO.
- Lower level fully renovated in 2023.
- Fully occupied 2-unit office building for sale.
- Building consists of two separate suites both leased to reputable tenants.
- 5,663 s.f. parcel includes a private parking lot with 5 spaces. and Offered at an 8.5% cap rate.
EXECUTIVE SUMMARY
This fully occupied 2-unit office building, located at 1530 S Big Bend Blvd, Richmond Heights, St. Louis County, MO, presents an excellent investment opportunity. Built in 1923 and renovated in 2023, the 2,236 sq. ft. building features two separate suites, both leased to reputable tenants. The lower level was fully renovated in 2023. Situated on a 5,663 sq. ft. parcel, the property includes a private parking lot with five spaces and is zoned C2. Offered at an 8.5% cap rate and priced at $349,000.00, this office building is a prime investment in a sought-after location.
PROPERTY FACTS
Sale Type
Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
2,236 SF
Building Class
C
Year Built
1923
Price
$480,535 CAD
Price Per SF
$214.91 CAD
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,118 SF
Building FAR
0.39
Lot Size
0.13 AC
Zoning
AB - Commercial
Parking
2 Spaces (0.89 Spaces per 1,000 SF Leased)
AMENITIES
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 20J-24-0270 | Improvements Assessment | $62,990 CAD |
| Land Assessment | $20,447 CAD | Total Assessment | $83,436 CAD |
PROPERTY TAXES
Parcel Number
20J-24-0270
Land Assessment
$20,447 CAD
Improvements Assessment
$62,990 CAD
Total Assessment
$83,436 CAD
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