809 2Nd StBallwin, MO 63021

Property Details for 809 2Nd St

Year built

2010

Construction

FRAME

Lot size

0.48 AC

Property size (Sq ft)

5,896 SF

Zone code

94H

Property type

Retail properties

Property subtype

Auto shops

APN

23Q-4-4-125-3

APU

23Q441253

Description

This exceptional 5,896-square-foot auto repair facility presents a unique investment opportunity in Manchester, Missouri. Located at 809 2nd Street, this property sits on a 0.48-acre lot and is conveniently situated off Manchester Road near Highway 141, ensuring high visibility and accessibility. Currently operating at 50% occupancy, the building is divided into two nearly equal halves, each comprising 2,948 square feet. Each half features its own office space and an overhead door, ideal for independent operations or a shared space. The property boasts ample parking with 29 designated spaces, catering to both customers and employees. Zoned 94H for auto repair, this property offers significant potential for an owner-user seeking to occupy one half while generating rental income from the other. The asking price is $799,000, translating to $135.52 per square foot. The 2023 property taxes totaled $22,286.94. This well-maintained facility provides a solid foundation for a thriving automotive business or a lucrative investment portfolio addition. The property's strategic location and versatile layout make it an attractive proposition for a variety of automotive-related enterprises. Don't miss this chance to acquire a prime commercial property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,981,120

  6.5%

  $1,828,726

  7%

  $1,698,102

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,158,324

  Geo Method

  $1,158,324

• Alternative Use

  Use

  Valuation

  Residential

  $1,542,598

  Hospitality

  $1,413,012

  Educational

  $1,175,609

  Medical

  $1,216,040

  Retail

  $1,828,726

Location Insight

City

Manchester

County

St. Louis

State

Missouri

Latitude

38.5923

Longitude

-90.5125

CBSA code

41180

CBSA name

ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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