8443 Wabash AveBerkeley, MO 63134

Property Details for 8443 Wabash Ave

Year built

1956

Construction

FRAME

Lot size

0.27 AC

Property size (Sq ft)

5,551 SF

Zone code

7M-1

Property type

Retail space

APN

11J-4-1-140-1

APU

11J411401

Description

This exceptional investment opportunity encompasses four contiguous properties totaling 18,624 square feet on approximately 0.2 to 0.27 acres in Berkeley, Missouri. The complex, zoned M-1 Industrial, offers a unique blend of office and warehouse space, ideal for a contractor or similar business. The property boasts excellent highway access to I-170 and I-70, providing convenient transportation links. The buildings feature a combination of drive-in doors and five dock-high doors, facilitating efficient loading and unloading. Significant outdoor storage space is available, including fenced and paved areas. Building 8443 Wabash Ave includes approximately 4,375 square feet with a 1,000 square foot office showroom and one drive-in door, plus 7,374 square feet of fenced, paved outdoor storage. Building 8447 Wabash Ave offers approximately 4,787 square feet, one drive-in door, one low dock, and 5,183 square feet of fenced, paved outdoor storage, along with a 336 square foot detached garage. The combined buildings at 8449-8451 Wabash Ave comprise a two-story structure of approximately 9,462 square feet. The first floor, featuring 10' to 16' ceilings, offers 6,327 square feet with three drive-in doors and a freight elevator. The second floor provides 3,135 square feet of office space. The asking price for this multi-building complex is $650,000, representing a price per square foot of $35. This property presents a rare opportunity to acquire a well-located, versatile industrial complex with significant potential.

• CAP approach

  CAP return

  Valuation

  6%

  $2,183,130

  6.5%

  $2,015,197

  7%

  $1,871,255

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,090,545

  Geo Method

  $1,090,545

• Alternative Use

  Use

  Valuation

  Residential

  $1,699,894

  Hospitality

  $1,557,094

  Educational

  $1,295,484

  Medical

  $1,340,038

  Retail

  $2,015,197

Location Insight

City

Saint Louis

County

St. Louis

State

Missouri

Latitude

38.7542

Longitude

-90.3304

CBSA code

41180

CBSA name

ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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