MARSH | 6911-6917 S Broadway
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MARSH 6911-6917 S Broadway
7,500 SF 85% Leased Retail Building Saint Louis, MO 63111 $299,000 ($40/SF) 11.30% Cap Rate
Investment Highlights
- Frontage on S Broadway
- Turnkey ready
- Mixed-use commercial-residential property
- Income Generating
Executive Summary
Est 1887, this pair of Carondelet mixed use buildings at 6911 and 6917 South Broadway has brand-new systems, artfully renovated interiors, and current rental income. First floor consists of a fully leased restaurant/bar with full commercial kitchen and walk-in refrigeration and a separate storage space. The upper level has three apartments: a 2 bed 1 bath unit, a 1 bed 1 bath unit, and an owner-occupied 1 bed 1bath unit (to be delivered vacant). Furnace, central AC, water heaters, roof, kitchens, plumbing, and electric are all just six years old. The rear of the lot has mature fruit trees, and ample space for parking. Excellent opportunity to live/rent or for pure investment income.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
7,500 SF
Building Class
C
Year Built
1887
Price
$299,000
Price Per SF
$40
Cap Rate
11.30%
NOI
$33,800
Percent Leased
85%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.72
Lot Size
0.24 AC
Opportunity Zone
Yes
Zoning
F - Neighborhood Commercial-F
Parking
6 Spaces (0.8 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Restaurant
- Tenant Controlled HVAC
- Air Conditioning
- Balcony
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 3013-00-0050-7 | Improvements Assessment | $22,670 (2023) |
| Land Assessment | $6,000 (2023) | Total Assessment | $28,670 (2023) |
PROPERTY TAXES
Parcel Number
3013-00-0050-7
Land Assessment
$6,000 (2023)
Improvements Assessment
$22,670 (2023)
Total Assessment
$28,670 (2023)
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MARSH | 6911-6917 S Broadway
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