514-520 S Hanley Rd, Clayton, MO 63105

Property Description

Clayton owner-user opportunity at one of the best corners in the St. Louis market. 514-520 S. Hanley Road sits on the east side of Hanley just north of Wydown Boulevard, in the walkable Hanley-Wydown business district steps from Clayton CBD. New Gigi's Cafe is next door with Wright's Tavern, Bar Moro, Cafe Manhattan, Peno, Akar, Protzel's, Wydown Dental Group and other Hanley-Wydown district shops & services. Access to I-64/40, I-170 and Forest Park Parkway is minutes from the front door. The building is a two-story, 1927 brick building with a lower level, totaling approximately 9,318 SF per county records (approx. 6,578 SF above grade) on a 0.13-acre lot zoned C-1 Neighborhood Commercial by the City of Clayton. The ground-floor and lower-level office suite (approx. 4,563 SF) was fully renovated in 2023 by Spiegelglass Construction. The space delivers 9 private offices, 2 conference rooms and a reception area, along with LVT flooring, CAT6 wiring throughout, updated electric, key fob access and a full bath with shower. The semi-finished lower level adds two additional restrooms plus file and storage space. A buyer can move in without spending another dollar on build-out. Seller reports more than $350,000 invested in the building. The second floor holds two leased apartments - a 3 bed / 1 bath and a 2 bed / 1 bath - with kitchens, baths and appliances updated in 2019. Combined rents of approximately $45,000 per year help offset an owner-user's cost of occupancy. Apartment tenants pay their own gas and electric, and each unit has its own private street entrance. Parking includes three garage spaces (a two-car and a one-car garage) plus street parking and a nearby public lot. An expansive rear concrete balcony, Spectrum internet service and a 2018 roof repair round out the package. Owner-user buildings in Clayton rarely come to market, and almost never this close to Wydown. Offered at $2,200,000, sold as-is. Contact Eddie Cherry, CCIM or Ben Cherry, CCIM at Manor Real Estate, 314.647.6611.