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408 North Sarah Street, Saint Louis, MO 63108

$239,000 Contingent

  • For Sale
  • Contingent No Kickout
  • Commercial
  • 11,753 Sq. Ft.
408 North Sarah Street, Saint Louis, MO 63108View this property at 408 North Sarah Street, Saint Louis, MO 63108
408 North Sarah StreetSaint LouisMO63108
Property Description
Previously a hardware store this building has unlimited potential- Multi family apartments, live/work, shop, warehouse, studio, office space, retail. Located in the Central West End 1 block from Lindell, 2 blocks from St. Louis University, close to Washington University Medical School, The Cortex. There are architectural plans to convert the building into 6 apartments along with commercial storage in the basement. Projected income for the 6 apartments and the storage once completed is $75,600 annually with a projected net income of $56,700. There is potential for a second story to be added or it could also be a rooftop deck for the apartments. The building is 11,753 Square Feet on three levels- Main level and basement are 5,310 sq ft each
with the top floor 1,133, needs full renovation. Features include three phase electric service, freight elevator & loading dock. There is currently street parking only but the architectural plans outline how parking spots could be added in the rear.

Full Property Details for 408 North Sarah Street

General

  • Price: $239,000
  • Taxes: $2,606 (2016)
  • Status: Contingent No Kickout
  • Type: Commercial
  • MLS ID: 17085205
  • Updated: 6/5/2018
  • Added: 264 day(s) ago

Additional Information

  • Other Features: Alley, Freight Elevator, Loading Docks

Parking

  • Parking Features: Other
  • Parking: Other

Location

  • Area: Central West
  • County: St Louis City
  • Subdivision: Lindells Add 02
  • Cross Streets: McPherson Ave

Heating & Cooling

  • Cooling Type: Gas Central Air Conditioning
  • Heating Type: Forced Air
  • Heating Fuel: Gas

Utilities

  • Sewer: Public
  • Water: Public
  • Utility Description: Electric, Gas, Water

Structural Information

  • # Buildings: 1
  • Structure Type: 2 Stories, Loft
  • Construction: Conventional
  • Exterior Const.: Brick, Concrete/Block, Metal or Steel
  • Roof: Flat
  • Square Feet: 11,753
  • Sq. Ft. Source: Owner
  • 2nd Level: 1,133 Sq. Ft.
  • Current Bldg. Use: Retail
  • Potential Bldg. Use: Convenience Store, Food/Bev/Restaurant, Office/General, Residence, Retail Operation
  • Year Built: 1950

Unit Information

  • Unit Location: City

Lot Features

  • Lot Size (Acres): 0.122
  • Lot Size (Sq. Ft.): 5,314
  • Lot Size Source: County Records
  • Lot Dimensions: 52 x 102
  • Frontage: Alley Access
  • Frontage Feet: 52
  • Lot Access: Alley Access
  • Zoning: F

Financial Considerations

  • Price Per Sq. Ft.: $20
  • Operating Expenses: Electricity, Maintenance, Property Insurance, Real Estate Tax, Water & Sewer
  • Tax Amount: $2,606
  • Tax Year: 2016
  • Terms: Cash, Exchange, Private, Other
  • Tenant Expense: 7200

Disclosures and Reports

  • Inclusions: Building & Land
  • Disclosures/Reports: Sellers Discl Not Av
  • APN: 3923-00-0320-0

Listed by Invest St. Louis

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Schools

Schools serving 408 North Sarah Street

School District:St. Louis City Schools
School Name
Grades
Distance
Pamoja Preparatory Academy At Cole Elementary School
3935 Enright Ave, St Louis, MO 63108
PK-8
0.4 mi
Sumner High School
4248 Cottage Ave, St Louis, MO 63113
9-12
1.3 mi
Disclaimer: School data provided by Pitney Bowes. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History

Price & Sales History for 408 North Sarah Street Get Price Alerts

Date
Details
Price
Change
Source
4/02/2018
Price Reduced
$239,000
-18.98%
MLS
10/26/2017
Listed
$295,000
MLS
Disclaimer: Historical sales and tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Community Info

Community Info for 408 North Sarah Street

Listed by Invest St. Louis

408 North Sarah Street, Saint Louis, MO 63108 (MLS# 17085205) is a Commercial property. 408 North Sarah Street is currently listed for $239,000 and was received on October 26, 2017. Want to learn more about 408 North Sarah Street? Do you have questions about finding other Commercial real estate for sale in Saint Louis? You can browse all Saint Louis real estate or contact a Coldwell Banker agent to request more information.