Price Reduction
Address
4173 Crescent Drive, Out Of Area, MO
Price
$ 2,149,000
Property Attributes
  • MLS#3562247
  • TypeCommercial
  • CountyOUT OF AREA
  • CityOut Of Area
  • AreaO
  • Zip63129
  • StyleOffice
  • Taxes$ 44989
  • Price$ 2,149,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size2.44 Acres
Data Source:
Lake of the Ozarks MLS (LOBR)
Property Description

PRICE REDUCTION -NEW ROOFS - NEW Landscaping and Window Screens - The Southport Office Park located in the heart of Saint Louis at 4173 Crescent Drive. The Southport Office Park consist of 4 separate buildings, two stories each for a total of 28,311 SF of office space. The offices were originally built in 1985 and are 90% leased with a very diverse tenant group which includes; Family Care center, Strategic Technology Group LLC, BKR Design, American Family insurance, Adriatic Home Health LLC, Farmers , Kirkendall Dwyer Law firm, Empowered Health, Forget Me Not Senior Services, Compassionate Health Care of STL, True Vine Counseling Services, and Developing Resource Partners. The Southport Office Complex at 4173 Crescent Drive is being offered at an outstanding basis of $80 per square foot and an in-place cap rate of 8%. With an average weighted lease term of 3 years, below market rent, and 90% occupancy, it offers new ownership significant value-add potential. With new landscaping and window seals along with New Roofs in 2023 this Office complex is ready to cash flow upon purchase.

Price History
3/8/2024 Listed $2,290,000
4/5/2024 7% - $2,149,000

General Features

Sewer PublicSewer
Heating Electric,ForcedAir
Cooling CentralAir
Utilities ElectricityAvailable,SewerAvailable,WaterAvailable
Construction Materials Brick,Block
Property SubType Office
Tax Year 2023
Percent Ownership Fee Simple
Business Type ProfessionalOffice
County Out Of Area
New Construction No
Property Type CommercialSale
HOA / Comm Assn No
Attached Garage No
Garage Y/N No
Status Active
Directions See Map
ModificationTimestamp 2024-04-05T16:15:38.900-00:00
City Out Of Area (BDAR)
Buyer Agent Compensation 2.50
View Y/N No
Senior Community Y/N No
MLS Area O
Private Pool No
Waterfront Y/N No
Carport Y/N No
Street Name Crescent
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 44989.0
Home Warranty Y/N No
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Virtual Tour https://www.propertypanorama.com/instaview/loo/3562247
Days on Market 25
Standard Status Active
Occupancy Description Tenant
Property Sub Type Additional Office,Retail,MixedUse
MobileHomeRemainsYN No
PostalCity Out Of Area (BDAR)
Legal Description 8 27 85 CRECELIUS LOT PT 2 (RD DEDI)

Interior Features

Basement (Y/N) No
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Street Suffix Drive
Electric On Property Y/N No

Exterior Features

Water Source Public
Total Parking 70.0
Lot Size Area 2.44
Spa No
Building Area Total 0.0
Lot Size Acres 2.44
Road Surface Type Asphalt,Paved
Lot Size Units Acres
Road Frontage Type Highway
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 63129

Price
AVG $2.15M
$2.15M
Taxes
AVG $44,989
$44,989
Visits
AVG 81
81
Data Provided by Inside Real Estate®

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