3124 Magnolia Avenue, Saint Louis, MO 63118

$359,900
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New to the Market Active
MLS#26054395
STATUSActive PROPERTY TYPECommercial - Retail SUBDIVISIONLynch Add

Property Description

MIXED-USE COMMERCIAL REDEVELOPMENT OPPORTUNITY WITH POTENTIAL SELLER FINANCING. Approximately 5,560 square feet in a two-story corner building located in historic Tower Grove East. The updated main level, formerly operated as a convenience store and deli, offers potential for retail, professional services, salon/beauty, food service or other legally permitted commercial 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, licensing and redevelopment approvals. Also listed in the Residential Income category under MLS #26051288. Owner/Agent

3124 Magnolia Avenue | MLS# 26054395

This commercial property located at 3124 Magnolia Avenue, Saint Louis, MO 63118 is currently listed for sale with an asking price of $359,900. Search Saint Louis real estate on amywellman.redkeystlouis.com today.

Property Features

Property Type: Commercial - Retail
Cooling: Ductless, Electric, Multi Units
Heating: Natural Gas
Lot Size: 0.04 Acres
Taxes: $262
Year Built: 1907

Feature Descriptions

Days on Site: 4
Electric: Ameren
Exterior: Brick, Other
Fencing: Partial
Parcel#: 1453-9-160-0
Parking: Off Street, Parking Pad
Parking Total: 2
Potential Use: Commercial, Convenience Store, Other, Place of Worship, Professional Service, Professional/Office, Residential, Retail
Road Frontage: Alley, City Street
Water: Public

Listed By / Shown By

Listed By

Agency Name: Linda Alexander Real Estate LLC

Shown By

Agent Name: Amy Barcus Wellman
Agent Phone: 314.239.9334
Agency Title: RedKey Realty Leaders

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