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2719-2729 & 2709-2711 Cherokee St St. Lo 2 biens • Commerce de détail • À vendre 3 047 528 $ CAD • Saint Louis, MO
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Faits saillants de l'investissement
- Historic 1927 property featuring the renowned Casa Loma Ballroom with 18,000 sq. ft. of event space.
- Recent upgrades include new TPO roof, HVAC replacements, and boiler installations.
- Flexible commercial zoning suitable for multiple uses, including entertainment and retail.
- Two-building portfolio with five existing tenants and income upside potential.
- Located in the thriving Cherokee Street district, a hub for retail, dining, and cultural activity.
Résumé de l'annonce
This offering presents a rare opportunity to acquire two historic commercial buildings in the heart of St. Louis’ vibrant Cherokee Street district. Built in 1927, the property spans approximately 25,750 sq. ft. and includes the iconic Casa Loma Ballroom, an 18,000 sq. ft. event venue renowned for its architectural character and versatility. The ballroom is ideal for hosting concerts, conferences, weddings, and creative productions, making it a unique asset for investors seeking income-generating potential with cultural significance.
The sale includes two buildings with five existing leases generating approximately $11,800 in monthly income, with significant upside potential as current rents are well below market. Recent capital improvements include a new TPO roof within the last five years, updated HVAC systems, and three new boilers installed in 2023. Zoned for commercial use, the property is positioned in a dynamic corridor surrounded by retail, dining, and entertainment venues, offering strong long-term appreciation prospects.
The sale includes two buildings with five existing leases generating approximately $11,800 in monthly income, with significant upside potential as current rents are well below market. Recent capital improvements include a new TPO roof within the last five years, updated HVAC systems, and three new boilers installed in 2023. Zoned for commercial use, the property is positioned in a dynamic corridor surrounded by retail, dining, and entertainment venues, offering strong long-term appreciation prospects.
Faits sur la propriété
| Prix | 3 047 528 $ CAD | Nombre de propriétés | 2 |
| Prix/pi² | 104,52 $ CAD / pi² | Individuellement en vente | 0 |
| Type de vente | Investissement | Taille totale du bâtiment | 29 158 pi² |
| Statut | Actif | Superficie totale du terrain | 0,38 AC |
| Prix | 3 047 528 $ CAD |
| Prix/pi² | 104,52 $ CAD / pi² |
| Type de vente | Investissement |
| Statut | Actif |
| Nombre de propriétés | 2 |
| Individuellement en vente | 0 |
| Taille totale du bâtiment | 29 158 pi² |
| Superficie totale du terrain | 0,38 AC |
Propriétés
| Nom de la propriété/adresse | Type de propriété | Taille | Année de construction | Prix individuel |
|---|---|---|---|---|
| 2719-2729 Cherokee St, Saint Louis, MO 63118 | Commerce de détail | 25 750 pi² | 1928 | - |
| 2709-2711 Cherokee St, Saint Louis, MO 63118 | Commerce de détail | 3 408 pi² | 1925 | - |
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2719-2729 & 2709-2711 Cherokee St St. Lo
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