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$942,857
44 Days Online

2855 Magnolia Avenue
St Louis, MO 63118

For Sale|Commercial|Active
0
Beds
0
Full Baths
0
Partial Baths

SqFt

/SqFt
1930
Built
Subdivision:
Labadie & Lynch Addn
County:
St Louis City

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2855 Magnolia Avenue2855 Magnolia Avenue2855 Magnolia Avenue2855 Magnolia Avenue
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Investment Opportunity, multi-state autobody shop with 13 locations and growing. New 10-year lease commencing October 1, 2023, with 3% annual rent increases and two 5-year options with The Collision Guys https://www.thecollisionguys.com. This is a great opportunity to own a long-term NNN lease property with great returns. Cap Rate in year 1 is 7% and 9.1% in year 10 giving great appreciation to the investor. This auto body shop was 100% remodeled and expanded in 2015, meeting all EPA regulations as an autobody shop with a paint booth. A new roof was installed in 2023. Historically, consumers look to repair their vehicles instead of purchasing a new vehicle in a down economy making this an attractive investment with an expanding operator of auto body repair shops.

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Listing Snapshot
Price 
$942,857
Days Online 
44 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.26 Acres
Year Built 
1930
MLS Number 
23063231
Status 
Active
Property Tax 
$2,678
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
County Records
Friends & Family
Recent Activity
a month agoListing updated with changes from the MLS
a month agoListing first seen online
General Features
Construction 
Other
Parking 
ConcreteAsphalt
Sewer 
Public Sewer
Electric 
220 Volts
Acreage 
0.26
Water 
Public
Cross Street 
Nebraska
Property Sub Type 
Industrial
Attached Garage 
No
Utilities 
Cable AvailableElectricity AvailableWater AvailableSewer AvailablePhone Available
Zoning 
B-Two Family Residential
SqFt Above 
3292
Interior Features
Cooling 
Electric
Heating 
Forced Air
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Exterior Features
Roof 
MetalPitched
Road Frontage 
City Street
Construction Details 
ConventionalOther
Community Features
Township 
St. Louis City
MLS Area 
Central East
Listing courtesy of Cardinal Realty Group

Neighborhood & Commute
Source: Walkscore
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