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3822 S Broadway 7,192 SF 100% Leased Retail Building Saint Louis, MO 63118 $295,000 ($41.02/SF)

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Investment Highlights

Historic mixed-use property blending retail/office with three income-producing residential units.
Vacant double-bay storefront features high ceilings, exposed brick, and large display windows.
On-site courtyard and fenced off-street parking ensure convenience for residents and business use.

Two current residential leases provide established revenue streams with upside potential.
Upgrades include a refinished façade, replacement windows, and functional high-ceiling basement.
Location within an Opportunity Zone offers potential tax incentives for qualified buyers.

Executive Summary

Fabulous historic mixed use building with 3 residential units on the 2nd and 3rd floors, one of which is a 2-story townhouse. Two units are leased at $1,000 + $1,050 and that's without the Double storefront which is currently vacant and available to rent or use for your own purpose or business. The retail / office space is 2 bays connected by an archway and could be divided. It features tall ceilings, exposed brick and recently replaced large windows with a refinished facade and replacement windows above. There's a lovely courtyard in back with separated off-street parking. The full basement features high ceilings and usable spaces below. A great deal of work has already been completed with some great finishes, but, more work is needed.