New Development Opportunity For Sale

Opportunity to purchase 16 building lots in gated development overlooking the mansions on Washington Terrace and next to the Central West End and Forest Park.

Lots are fully improved with all infrastructure in place including water, sewer, electric, and private gated street.

Zoning is E. Multi-Family Residential and would be ideal for luxury Town Homes.

The 16 Fee Simple lots are part of the 40 lot Delmar Town Home Association that has been approved by the city of St. Louis Building Division and Cultural Resources.

Potential to split the 16 lot package into 2 and 4 lot packages at $45,000 a lot.

Short term seller financing available to qualified buyer

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Redevelopment Opportunity In Ballwin

Rare opportunity to own this .92+/- acre lot (164 x245) off Manchester Road in Ballwin. Excellent redevelopment potential for Single Family(R1), Multi-Family(R4), or Commercial(C1). Currently zoned R1 with house and huge 3 car garage/workshop. Property is surrounded by Multi-Family/Commercial development and is the only Single Family in the area. Potential for new home, townhomes, small business, live/work or hobby farm. Keep as a rental house until future development takes place. The buyer would need to get re-zoned for any type of use other than single-family.

 

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Parking Lot West Of St. Louis University

This parking lot is approximately 33 parking spots just west of St. Louis University campus which is currently rented to the apartment building at 3900 Lindell. The parking lot is currently leased month to month under market rent at $1,500 a month, the amount charged for parking could be raised substantially. 3909-11 West Pine can only be purchased with 3910-12 Lindell which is available for sale for $725,000. There is the potential to purchase and use part of the parking lot at 3909-11 West Pine for parking at 3910-12 Lindell and lease out the remainder of the parking to the apartment building next door. There is also the potential to build a small multi family or to resell the parking lot to a developer or St. Louis University in the future as St. Louis University owns the parking lot directly to the east of 3909-11 West Pine.

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22-Pad Mobile Home Park

Well-maintained fully-occupied 22-pad mobile home park on approximately 5.7 acres in a great suburban location surrounded by single-family homes and lots of green space. New public sewer system has recently been installed. The water is also public. Each pad rent is $365 a month. Low operating costs. An umbrella policy covers the insurance required. All tenants are on leases. Also included is a large three-bay garage and a large storage shed. The Park is well kept and mobile homes are in good condition. There is an adjacent 4 family building and mobile homes that could be sold with this property.

Paying buyer’s agents 2.3%

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