3124 Magnolia Avenue

About this home

LIVE • WORK • INVEST! SELLER FINANCING AVAILABLE — RATES AS LOW AS 6.99% FOR QUALIFIED BUYERS. Exceptional mixed-use opportunity in historic Tower Grove East. This approximately 5,560 SF two-story brick corner building offers flexibility for an owner-user, investor, entrepreneur or developer. The substantially updated main level offers approximately 2,780 SF and was formerly operated as a convenience store and deli. Features include high ceilings, distinctive decorative ceilings, updated flooring and restroom, storefront windows, retail fixtures, beverage coolers, service counter and ductless cooling. Potential uses may include retail, professional services, salon/beauty, food service or other legally permitted uses. The approximately 2,780 SF upper level, formerly configured as two residential units, offers an open canvas for redevelopment with newer windows, exposed brick, subfloor improvements and framing underway. Former residential units are not presently configured for occupancy and will require completion and applicable approvals. Convenient access to I-44, I-55, I-64 and downtown St. Louis. Property offered AS-IS, WHERE-IS; seller will make no repairs. Seller financing subject to buyer qualification, down payment, credit profile, transaction structure, Seller approval and definitive financing documents. Buyer to independently verify zoning, permitted uses, occupancy requirements, licensing and redevelopment approvals. Also listed Residential Income MLS #26051288. Owner/Agent.

Property details

County

St Louis City

Subdivision

Lynch Add

Lot size

0.038 acres

Days on market

34

Annual taxes

$262

Heating

Natural Gas

Cooling

Ductless, Electric, Multi Units

Flooring

Ceramic Tile, Plank

Stories

2

Location