Mary M Nigh
REALTOR®
BEDS0
BATHS
SQUARE FEET5,560
MLS#26051288
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONLynch Add
SCHOOLSt Louis City
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
Property Features
Property Type: Multi Unit - Multiple
Basement: 8 ft + Pour, Unfinished, Walk-Out Access
Basement: Yes
Cooling: Ductless, Electric, Multi Units
Heating: Natural Gas
Home Style: Traditional
Lot Size: 0.04 Acres
Roof Type: Flat
Taxes: $262
Year Built: 1907
Feature Descriptions
Days on Site: 33
Exterior: Brick, Other
Fencing: Partial
Lot: City Lot, Corner Lot, Level
Parcel#: 1453-9-160-0
Parking: Off Street, Parking Pad
Parking Notes: Off Street, Parking Pad
SQFT. Above Grade: 5560
Units: 2
Water: Public
Local Schools
High School: Roosevelt High
Middle School: Long Middle Community Ed. Center
Elementary School: Shenandoah Elem.
School District: St Louis City
Listed By / Shown By
Listed By
Agency Name: Linda Alexander Real Estate LLC
Shown By
Agent Name: Mary M Nigh
Agent Phone: 314.578.5558
Agency Title: RedKey Realty Leaders
Estimate Your Payment
Estimated Payment
$ 2,087.59 per month $1,960.79 Principal & Interest $21.83 Property Tax $104.97 Homeowner's InsuranceChange Payment Information
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3124 Magnolia Avenue | MLS# 26051288
This multi-family property located at 3124 Magnolia Avenue, Saint Louis, MO 63118 is currently listed for sale with an asking price of $359,900. Magnolia Avenue is located within the St Louis City school district. Search Saint Louis real estate on www.marymnighrealtor.com today.