For Sale
$885,000

9730 Reavis Park Dr Affton, MO 63123

10,000 SF Flex Warehouse, Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
127
This Affton, Missouri industrial property, located at 9730 Reavis Park Drive, presents a compelling owner-user or investment opportunity. The 10,000-square-foot building, constructed in 1965 and renovated in 2004, sits on a 0.61-acre lot and is zoned M1. Currently occupied by a single tenant under a gross lease expiring December 31st, 2027, the property offers significant upside potential. The building features a flexible layout, currently configured as 2,500 square feet of office space and 7,500 square feet of warehouse space, easily convertible to two 5,000-square-foot units, a highly sought-after configuration in this submarket. The existing tenant pays approximately $8.40 per square foot, significantly below market rate, allowing for substantial rent increases. The property includes two loading docks, ten off-street parking spaces, and a 12-foot ceiling height. Interior features include multiple private offices (five or more) and five bathrooms. Cosmetic updates were completed in 2020, including new paint, office carpeting, and LED warehouse lighting. The property's convenient location provides easy highway access to I-55, I-270, and I-44. The asking price is $885,000, representing a price per square foot of $88.50. This property offers a unique blend of immediate income and long-term value-add potential through lease restructuring or multi-tenant conversion. The existing demising wall, currently opened, is to be repaired by the tenant at lease end. Two electric panels with separate meters are also present.

Property Details for 9730 Reavis Park Dr

Property type
Warehouses, Industrial properties
Square Feet
10,000 SF
Class
B
Year Built/Renovated
1965/2004
Buildings
1
Stories
1
Lot Size (sq. ft)
26,572 SF
Units
2

Location Insight

City
Affton
County
St. Louis
State
Missouri
Latitude
38.54272651132
Longitude
-90.32787104325
9730 Reavis Park Dr, Affton, Missouri

FAQs

What type of property is this?
Warehouse - 10,000 SF Flex Warehouse, Value-Add Opportunity
Where is the warehouse located?
The property is located at 9730 Reavis Park Dr Affton, MO.
What is the asking price?
The asking price for this property is $885,000.
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9730 Reavis Park Dr
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