15845 Manchester RdEllisville, MO 63011

Property Details for 15845 Manchester Rd

Year built

1983

Construction

FRAME

Lot size

0.33 AC

Property size (Sq ft)

2,436 SF

Zone code

19C-1

Property type

Turn key restaurants

APN

23T-5-3-084-4

APU

23T530844

Description

This exceptional 0.5-acre commercial ground lease opportunity is located at 15845 Manchester Rd, Ellisville, MO 63011, at the intersection of Manchester & Clarkson Rd. The site presents a prime location for retail development, boasting high visibility and accessibility. The property offers a total of 2,430 square feet of existing building space, currently configured as a single suite. However, a significant 21,780 square feet is currently vacant, presenting substantial potential for expansion or redevelopment. Ample parking is available with 130 spaces, providing a generous 5.6 spaces per 1,000 square feet. This presents a unique chance to establish a thriving retail presence in a bustling Ellisville community. The property's classification as a ground lease provides flexibility and potential cost savings for the lessee. The site's 0.5-acre lot size allows for a variety of development options, catering to diverse retail needs. This is an ideal opportunity for businesses seeking a high-visibility location with significant space and parking. The property's strategic location ensures excellent exposure to a substantial customer base. The existing building provides a solid foundation for immediate occupancy or renovation, while the vacant space offers significant expansion potential. This is a rare opportunity to secure a prime retail location in a thriving Missouri market.

• CAP approach

  CAP return

  Valuation

  6%

  $860,572

  6.5%

  $794,375

  7%

  $737,634

• Comparable approach

  Method

  Valuation

  Relative Method

  $478,575

  Geo Method

  $478,575

• Alternative Use

  Use

  Valuation

  Residential

  $670,085

  Hospitality

  $613,794

  Educational

  $510,669

  Medical

  $528,232

  Retail

  $794,375

Location Insight

City

Ellisville

County

St. Louis

State

Missouri

Latitude

38.593

Longitude

-90.585

CBSA code

41180

CBSA name

ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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