3124 Magnolia Ave, St Louis, MO 63118
- $359,900
- 5,560
- SqFt
- List Price
- $359,900
- Days on Market
- 2
- MLS#
- 26051288
- Status
- ACTIVE
- Living Sq. Ft
- 5,560
- Lot Size
- 1,655
- Acres
- 0.04
- Year Built
- 1907
- Subdivision
- Lynch Add
- Municipality
- St. Louis City
- County
- St Louis City
- Listing Type
- Multifamily
Property Description
MIXED-USE REDEVELOPMENT OPPORTUNITY WITH POTENTIAL SELLER FINANCING. Unique opportunity in historic Tower Grove East. This approximately 5,560-square-foot corner building offers exceptional flexibility for an owner-user, investor, entrepreneur or developer. The updated main level, formerly operated as a convenience store and deli, may accommodate retail, professional services, salon/beauty, food service or other legally permitted uses. The upper level, formerly configured as two residential units, is currently gutted and ready for redevelopment. The former residential units are not presently configured for occupancy and will require redevelopment and applicable governmental approvals. Improvements include newer upper-level windows, storefront windows and select main-level renovations. Convenient access to I-44, I-55, I-64, downtown St. Louis and surrounding neighborhoods. Property is offered AS-IS, WHERE-IS; seller will make no repairs. Seller financing may be available to qualified buyers submitting a full-price offer, subject to underwriting, seller approval and definitive financing documents. Buyer must independently verify zoning, permitted uses, occupancy requirements and redevelopment approvals. Also listed in the Commercial category under MLS #26054395. Owner/Agent
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Additional Information
- School District
- St. Louis City
- Elementary School
- Shenandoah Elem.
- Jr. High School
- Long Middle Community Ed. Center
- Sr. High School
- Roosevelt High
- Parking Description
- Off Street, Parking Pad
- Cooling
- Ductless, Electric, Multi Units
- Heating
- Natural Gas
- Water
- Public
- Selling Terms
- Conventional, Owner Will Carry, Private Financing Available
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Listing courtesy of Linda Alexander Real Estate LLC.
Listings displaying the MARIS logo are courtesy of the participants of Mid America Regional Information Systems Internet Data Exchange. Information From Third Parties, Deemed Reliable But Not Verified
