List Search

1409 Washington Ave
Saint Louis, MO 63103 Downtown West St Louis

$3,800,000

Loft Creative Space For Sale  •  34,234 Sq Ft

Property Details

  • Property Type Loft Creative Space
  • Total Building Size 34,234 Sq Ft
  • Lot Size 0.31 ac
  • Building Class B
  • Year Built 1919
  • Cap Rate 9.12 %
  • Tenancy Multiple
  • Zoning I
70 Transit Score
97 Walk Score

Description

Former hat building constructed in 1919 at the corner of 15th and Washington Avenue, this building has been renovated and is now home to First Financial Credit Union (1st floor) a comedy club facing the city museum (first floor; north side of building) and 74 office suites above (on floor 2 through 5).
This property comes with the adjacent parking lot containing 21 parking spaces. There is the potential to generate much more income from this lot as it's right next door to the bustling City Museum. 
4th and 5th Floors Renovated within past 5 years
Newer Roof (2013) and HVAC System (2014) within past 10 years

Highlights

Parking Lot adjacent to building included
Restaurants, retail and entertainment in the neighborhood
Located in the densely populated Washington Avenue Loft District
Grocery Store withing wNear

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $346,632 (2019)
Cap Rate: 9.12 %
Total Expenses: $217,368

Amenities

  • Air Conditioning
  • Banking
  • Bus Line
  • Metro/Subway
  • Property Manager on Site
  • Signage
  • Kitchen
  • Central Heating
  • Natural Light
  • Partitioned Offices

Public Transportation

Transit/SubwayDriveWalkDistance
Civic Center Transit Stop (Lambert Airport Shiloh-Scott, Shrewsbury-Lansdowne I-44 Emerson Park) 2 min 13 min 0.6 mi
Convention Center Transit Stop (Lambert Airport Shiloh-Scott, Shrewsbury-Lansdowne I-44 Emerson Park) 2 min 13 min 0.6 mi
8th And Pine Transit Stop (Lambert Airport Shiloh-Scott, Shrewsbury-Lansdowne I-44 Emerson Park) 2 min 14 min 0.7 mi
Union Station (Lambert Airport Shiloh-Scott, Shrewsbury-Lansdowne I-44 Emerson Park) 3 min 15 min 0.7 mi
Stadium Transit Stop (Lambert Airport Shiloh-Scott, Shrewsbury-Lansdowne I-44 Emerson Park) 3 min 20 min 1.0 mi
AirportDriveWalkDistance
Lambert-St. Louis International Airport 24 min - 13.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 21
Type: Surface
Included in Rent: Yes
Ben Riley 314-809-8541 Riley & James - Real Estate Services
Ben Riley 314-809-8541 Riley & James - Real Estate Services