St. Louis Grove & CORTEX Off Market Mixed Use
I am co-listing an OFF MARKET mixed use property in St. Louis City located in the Grove and as close as you can get to CORTEX. Fully leased, with a national credit NNN tenant in the first floor retail space. Two apartments on the second floor. Annual income is $36,960 with expenses at $3,064. NOI is $33,896. This neighborhood is appreciating extremely quickly. If you aren't familiar with the area, the Grove is red hot right now and CORTEX is expanding with a $170 million development with office space, hotels, and retail. If you aren't familiar with CORTEX it's a tech hub that will total $2.1 Billion in development costs in midtown St. Louis. Microsoft is moving in to the area as well. This is an excellent investment option and a great buy and hold. Sale price is $500,000. Message me for more details. If you are in the area, do not disturb the tenants! They are unaware of the sale.
View more details at this link: https://drive.google.com/a/salientrealtygroup.com/file/d/0B8j7pN9vBAs_S200Wjg2cGRxV3M/view?usp=sharing
Call with any questions, this one will move quickly. 314-374-3687 or email me at [email protected]
Thanks,
Garen Lafser
Salient Realty Group, LLC
President and Designated Broker
314-374-3687