Patton Properties
The Ryan Patton Group, Patton PropertiesPhone: (314) 952-4233
Email: [email protected]

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CommercialSold
List Price $2,995,000
Sold Price $2,650,000
7570 Watson
St Louis, MO 63119
Courtesy of Manor Real Estate
MLS: Mid America Regional MLS (MARIS)
Est. Mortgage
$15,560/mo

Fully-occupied shopping center now available for sale! Route 66 Plaza is an established 14,876 square foot shopping center comprised of 5 tenants. The center was built in 1985 and occupies 1.57 acres. Route 66 Plaza includes a renovated storefront façade and pylon sign along Watson Road. This stabilized retail asset represents an ideal 1031 exchange opportunity given the low maintenance construction of the building, NNN lease structures in place, and attractive CAP rate. The existing tenants have an average of 4 years remaining of the lease term. Below-market rents present a value-add opportunity for future ownership.

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Information courtesy of Manor Real Estate is subject to verification and is not guaranteed.
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