3809 S Kingshighway Blvd, Saint Louis, MO 63109

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Building Details:

• Number of Floors: 2

3809 S Kingshighway Blvd is aretail property located in Saint Louis, MO. The property currently has 1 retail space for lease and is marketed by Cardinal Realty Group.

3809-3817 S. Kingshighway Blvd. is a mixed-use retail/apartment St Louis investment property is priced to sell fast at $375,000-$47.42 psf! Built before the Great Depression of 1929-1939 when terra cotta accentuated a building. This significant architectural building is only feet from the Kingshighway/Chippewa intersection a “here’s where it’s all happening location” as a major retail hub of St. Louis. Across Kingshighway is the from former Southtown Famous Bar. Today, two neighborhood strip shopping centers, grocery store, restaurants, and a national bank site on its 15-acre site.

• Southtown Centre, an 88,364 SF neighborhood Shopping Center anchored by Walgreens, PetSmart, Office Max, Starbuck and more with lease rates of $18.00 PSF NNN.

• South Towne Plaza 50,000 SF with Harbor Freight Tools as its anchor

• Shop‘n Save a 46,006 SF Supermarket.

• Steak n Shake and BMO Harris Bank

CoStar is tracking 972 comparable Retail buildings in South St. Louis, with a Market Rent of $12.47 and a 2.5% vacancy rate.

According to www.deptofnumbers.com, The medium gross apartment rents have increased by 5.13% since 2016. And as reported by Cushman & Wakefield multifamily rents in South City averaged $751 with a 5.1% vacancy.

The demographics are solid, in a 3-mile radius 176,431 people reside enjoying an average household income of $62,439.

The intersection of S. Kingshighway Blvd and Chippewa Street is one of the highest traffic intersections in the city, with ADVT of 32,585 vehicles per day on S. Kingshighway and 20,367 on Chippewa St.

The upside rental potential for this property is huge. The retail portion of the building is approximately 4186 SF and based on “Market Rent” as published by CoStar, potential Retail Gross Rent is $52,199. The 2nd floor is approximately 3722 SF. There are four apartments on the 2nd floor, two 1-bedroom, and two 2-bedroom.

Major improvements to the property include roof and new electrical panels.

• Available Spaces

Suite	Space Type	Pricing	Size
---	Retail Space	For sale: $375,000	7,908 sqft
3809-3817 S. Kingshighway Blvd is a two story 7908 SF mixed-use street mercantile/residential building constructed in 1927. The building footprint is approximately 80’ X 52’ and includes four retail bays and four apartments, two one-bedroom and two two-bedroom. The front of the building has decorative terra cotta panels, coping and ornate spires on the front parapet wall, and front entrance doors to apartments make this building irreplaceable. The lot is approximately 10,000 SF. The apartments and retail stores have front and rear entrance to a nine-space parking lot. There is a full basement with updated electrical services and possible storage and laundry for the tenants.  « show less 3809-3817 S. Kingshighway Blvd is a two story 7908 SF mixed-use street mercantile/residential building constructed in 1927. The building footprint...  show more » View Details 3809-3817 S. Kingshighway Blvd is a two story 7908 SF mixed-use street mercantile/residential building constructed in 1927. The building footprint is approximately 80’ X 52’ and includes four retail bays and four apartments, two one-bedroom and two two-bedroom. The front of the building has decorative terra cotta panels, coping and ornate spires on the front parapet wall, and front entrance doors to apartments make this building irreplaceable. The lot is approximately 10,000 SF. The apartments and retail stores have front and rear entrance to a nine-space parking lot. There is a full basement with updated electrical services and possible storage and laundry for the tenants. Listing company: Cardinal Realty Group Pricing: $375,000 Availability: Now Listing ID: 1503124 Save to list