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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 Occupier
Property Type
Office
Property Subtype
Studio / Creative Space
Property Size
2,236 sq ft
Costar Property Class
C
Year Built
1923
Price
£258,382
Price per sq ft
£115.56
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
1,118 sq ft
Plot ratio
0.39
Total Plot Size
0.13 ac
Use Class
AB - Commercial
Parking
2 Spaces (0.89 Spaces per 1,000 sq ft Leased)
AMENITIES
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 20J-24-0270 | Improvements Assessment | £33,415 |
| Land Assessment | £10,846 | Total Assessment | £44,261 |
PROPERTY TAXES
Parcel Number
20J-24-0270
Land Assessment
£10,846
Improvements Assessment
£33,415
Total Assessment
£44,261
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