Redevelopment Opportunity
51,000 SF | 100% Leased | Industrial Building | Saint Louis, MO 63103 | For Sale
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
- Sale Condition
- Redevelopment Project
- Property Type
-
Industrial
Listing Contacts
Garen Lafser
Verified Profile
Tim McCarthy
Verified Profile
Tyler Alms
Verified Profile
- Property Info
Property Overview
Salient Realty Group is pleased to exclusively offer this development/redevelopment opportunity for sale. An incredibly rare opportunity to purchase two adjoining city blocks in the central corridor of the City of St. Louis. Very few prime parcels are left undeveloped. The subject property is close to the new MLS Stadium ($457MM) as well as the new NGA facility ($1.75B & 3,000+ Federal Employees). In addition, an incredible amount of development activity is taking place all around the property in the Downtown West area.
The properties offer multiple development/redevelopment strategies – multifamily, industrial, office, retail, hospitality, and mixed-use are all viable options.
The existing buildings on the property total approximately 51,000 SF of building area. Highest and best use may be to tear these down for new construction. The total acreage is +/-2.07 AC and is approximately 3/4ths of the entire City block.
The properties offer multiple development/redevelopment strategies – multifamily, industrial, office, retail, hospitality, and mixed-use are all viable options.
The existing buildings on the property total approximately 51,000 SF of building area. Highest and best use may be to tear these down for new construction. The total acreage is +/-2.07 AC and is approximately 3/4ths of the entire City block.
Property Details
- Class
- B
- Year Built/Renovated
- 1963/2020
- Stories
- 1
- Property Subtype
- Distribution, Manufacturing
- Lot Size (sq. ft)
- 90,169 SF
Highlights
- Development Opportunity in Downtown West St. Louis
- Located in an Opportunity Zone, Enhanced Enterprise Zone, & Hub-Zone
- Rare Opportunity to Acquire 3/4ths of a City Block
- +/-51,000 SF of total Building Area
- +/-2.07 Acres of Land Near the New MLS Stadium
Nearby Properties
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