Commercial Land for Sale in Mehlville, Missouri

4173 Crescent Dr Mehlville, MO 63129

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2.44 Acres of Commercial Land for Sale in Mehlville, Missouri
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$1,849,000
2.44 acres
Active sale$141k dropEst $13,392/mo

PRICE REDUCTION -NEW ROOFS - NEW Landscaping and Window Screens -

The Southport Office Park located in the heart of Saint Louis at 4173 Crescent Drive. The Southport Office Park consist of

4 separate buildings, two stories each for a total of 28,311 SF of office space.

The offices were originally built in 1985 and are 90% leased with a very diverse tenant group which includes; Family Care center, Strategic Technology Group LLC, BKR Design, American Family insurance, Adriatic Home Health LLC, Farmers , Kirkendall Dwyer Law firm, Empowered Health, Forget Me Not Senior Services, Compassionate Health Care of STL, True Vine Counseling Services, and Developing Resource Partners.

The Southport Office Complex at 4173 Crescent Drive is being offered at an outstanding basis of $80 per square foot and an in-place cap rate of 8%. With an average weighted lease term of 3 years, below market rent, and 90% occupancy, it offers new ownership significant value-add potential. With new landscaping and window seals along with New Roofs in 2023 this Office complex is ready to cash flow upon purchase.

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Sq feet

Location

Street Address
4173 Crescent Dr
County
Saint Louis County
Elevation
577 feet
Coordinates
38.5082, -90.3357
Land for sale in Missouri

Property details

MLS Number
BDAOR 3562247
Date Posted

Property taxes

2023
$44,989

Parcels

  • 29621099

Legal description

8 27 85 CRECELIUS LOT PT 2 (RD DEDI)

Resources

This 2.44-acre property is located at 4173 Crescent Dr in Mehlville, MO 63129 with latitude 38.5082 and longitude -90.3357. The property is currently available for sale for $1,849,000. It has a structure. Listing data is sourced from Bagnell Dam Association of Realtors # 3562247.

Verify sale details at the property source or contact Jade Realty at (573) 336-2206.

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Copyright (C) 2024 Bagnell Dam Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Updated . Checked 2 hours ago. Parcel data by Regrid.

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