3460 Hollenberg DrBridgeton, MO 63044

Property Details for 3460 Hollenberg Dr

Year built

1970

Lot size

1.33 AC

Property size (Sq ft)

10,192 SF

Zone code

10B-3

Property type

Office buildings

APN

11N-4-3-011-4

APU

11N430114

Description

This exceptional 10,192 square foot commercial office building presents a unique opportunity in Bridgeton, Missouri. Situated on a 1.33-acre lot at 3460 Hollenberg Drive, this property offers both immediate income and long-term growth potential. Currently configured as a multi-tenant building, it generates rental income, providing a strong return on investment. However, its adaptable design allows for seamless conversion into a single-tenant occupancy, perfect for a business seeking to consolidate its operations. The building benefits from a strategic location with convenient access to major transportation arteries, including Interstates 70 and 270, and Highway 370, ensuring excellent accessibility for employees and clients. Further enhancing its appeal are significant recent upgrades, including a newer roof and windows, contributing to reduced maintenance costs and increased energy efficiency. Ample on-site parking is available, addressing the crucial need for convenient employee and visitor parking. The asking price for this versatile and well-maintained commercial property is $795,000. This represents a compelling investment opportunity for businesses seeking a high-quality, strategically located office space in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,726,783

  6.5%

  $2,517,030

  7%

  $2,337,242

• Comparable approach

  Method

  Valuation

  Relative Method

  $794,568

  Geo Method

  $794,568

• Alternative Use

  Use

  Valuation

  Residential

  $3,121,118

  Hospitality

  $2,858,927

  Educational

  $2,378,594

  Medical

  $2,460,397

  Retail

  $3,700,034

Location Insight

City

Bridgeton

County

St. Louis

State

Missouri

Latitude

38.7582

Longitude

-90.4383

CBSA code

41180

CBSA name

ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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