Remarks

DO NOT DISTURB TENANTS. Prime investment opportunity! The retail center at 2608-2616 Telegraph Rd in the Affton-Lemay area features four long-term established tenants with leases, providing steady income and stability. Current lease rates are below market, offering significant value-add potential. This center encompasses two buildings totaling +/-9,500 SF and sits on a paved lot with 20 parking spaces and features a roof replaced within the last 10 years, along with recent updates to tuckpointing, awnings, and HVAC systems. Tenants cover electric, gas, water, and trash expenses. Strategically located near major roads and amenities, this property combines solid cash flow with room for increased returns, making it an excellent addition to any investor’s portfolio.

Details

MLS#: 25002005
Price: $345,000

Style: Commercial & Indr.
Sq Ft: 9534.0
Year Built: 1955

County: St Louis
Subdivision: Carondelet Commons
Tax Fee: 12197