🚨GOLD MINE ST LOUIS RIVERFRONT PROPERTY OPPORTUNITY MULTI USE BUILDING FOR ONLY 1.6M🚨

St. Louis, MO, 63102
Sold
Listed at: July 19th, 2023
Price
$1,600,000
ARV
$4,000,000
Gross Margin
$2,400,000
Sq. Footage
17000
Type
Commercial
Parking
On street
Year build
1880
Lot size
4054.00 sqft
Bedrooms
0
Bathrooms
5
Half Bathrooms
0
Summary

Calling all developers, investors, and anyone else interested in acquiring a commercial building in a great area in St.Louis. At only 1.8M this building has it all! Rental Lofts, entertainment, bars, and much much more!


Outstanding 3-story building built in 1880 on Laclede's Landing was renovated in 1996. This is a MUST SEE building filled with character. Historical charm offering spacious areas an exciting, different atmosphere! This is an opportunity of a lifetime with a one of a kind property with unique. Sought after location! It is fully equipped space with custom gorgeous woodwork, chandeliers, pool tables, kitchen, and bar; restaurant fixtures. Countless possibilities for restaurant, bar, banquet center, & more! The 1st floor features the main restaurant and bar area. The 2nd floor includes 2nd bar & kitchen. The 3rd floor, is used for office, food prep & banquet facilities. The lower level is 2 floors with two bars & dance floor.Located between I-70 and the Mississippi River & tucked comfortably between the landmark Eads, & Dr. Martin Luther King Bridges just north of the Gateway Arch east of The America



MULTI USE BUILDING FOR SALE! MULTIPLE BARS - AIR B N B FUNCTIONING RENTAL LOFT 

ABSOLUTELY STUNNING!! 


1.8M Asking Price (lock it down before bidding starts)

Unlimited Potential

3flights 

5 floors of businesses

Private parties

Public Restaurants 

Sports/Bars VIP areas

Celebrity Heaven...for special STL Events!


This is your chance of becoming an owner of an exclusive building in St.Louis for a steal!


Recently asked questions:


Is air bnb in service cash flowing? Yes, it’s definitely seasonal and makes a lot of money between May and August. 

During off season we do longer rentals for big groups who come here for trainings or projects. Last group stayed with us for about 6 months and was paying $6200 per month. During Summer it was making around $10000 per month. 


Are there any inspection reports? No, we did our own inspections when we bought the building. We do annual inspection of fire sprinkler system.


Age of roof? About 3 years old TPO roof with thickest commercial TPO material available and thick insulation and 10 year warranty.


Plumbing? All pvc and copper

Electric? We divided 3 spaces for electric utilities for 3 different tenants. It has new meters. Sam Niksic did a lot of electrical updates in this building. 

Hvac systems? Some newer, some older

Boilers? No


Updated Lateral lines PVC? 

We had a sewer backup because Msd installed equipment that failed and the basement is gutted. 


Last code inspection?

Occupancy inspection was about 3 years ago. 


I don’t think there are any historic restrictions on inside but it was completely renovated with historic tax credits before we bought it.


IF YOU ARE INTERESTED I CAN SEND A VIDEO WALK THROUGH OF THE ENTIRE BUILDING


🔥Contact me today at 586-556-1365 to set up a walk through and to submit your highest and best offer🔥


BUYERS ARE REQUESTED TO DO THEIR OWN DILIGENCE ON THIS PROPERTY. YOU MUST VERIFY ALL INFORMATION PROVIDED INDEPENDENTLY.
● Buyer pays all closing costs
● Get in touch with us now!
NOTE: YOU ARE STRICTLY PROHIBITED FROM CONTACTING ANY SELLER.
Make an Offer: Submit your offer and information at the top of this screen by clicking "Make an Offer".
Contract: A contract will be delivered electronically once an agreement has been made and must be executed by Final Buyer within 24 hours. Once the contract is signed, we will introduce you to our third party Title Company we use who will help facilitate the closing process.
Earnest Money Deposit (EMD) must be wired to the Title Company within 1 day of Contract signing.
Closing Costs: End Buyer will pay all closing costs and will be outlined on the final settlement statement of the deal. 


💪 YOU CAN CLICK THE 🙌 WIN IT NOW BUTTON AND AVOID ALL THE BIDDING (WHICH WILL HAPPEN ON THIS DEAL) AND 🔐 LOCK IT DOWN RIGHT NOW 💥



DISCLAIMER: This is an Assignment of Contract. A legally binding purchasing contract with memorandum has been signed with the Seller giving this company exclusive rights to purchase the property. This company does not represent the owner. We are NOT Brokers and do not represent ourselves as such. DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action.

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Dominic Lafata

No reviews

Disposition manager