4-Lots on Delmar Place Court & Delmar Boulevard Available Now

Investment Summary

• Opportunity to purchase 12 lots in a private gated development in the DeBaliviere Place neighborhood overlooking the mansions on Washington Terrace.
• The lots are located near the Central West End approximately 5 blocks from Forest Park.
• Each of the lots are zoned E. for multi-family residential and would be ideal for luxury townhomes, which have already been approved by the city of St. Louis.
• These lots are fully developed with new utility connections for water, sewer, and electric, as well as newer streets and gated access.
• The surrounding area is currently undergoing a lot of redevelopment activity.
• There are four brand new townhomes currently under construction within the development.
• Similar individual lots without utilities in the surrounding area have sold in the range of $60,000 to $100,000.
• Potential list prices for the completed townhomes could range from $350,000 to $490,000 depending on size, finishes, and upgrades based on similar-sized townhome sales nearby.