3207 Washington Ave St St. Louis, MO 63103
This exceptional St. Louis investment opportunity encompasses a rare assemblage of two buildings totaling 30,865 square feet situated in the vibrant Grand Arts District. The portfolio includes a 5,885 square foot historic office building (3201 Washington Ave) featuring a lower level office, first and second-floor executive offices, an unfinished third floor, and a private rear patio with bar, all situated on 0.11 acres. Also included is a 24,980 square foot event venue (The Barnett) and office property (3207 Washington Ave) on 0.43 acres, boasting a two-story event space, prep kitchen, cigar lounge, and outdoor patio, along with lower-level and second-floor executive offices. The sale also includes 68 parking spaces across two separate lots (3201 and 3206-3210 Samuel Shepard Drive) totaling 0.7 acres, all fenced, access-controlled, and lighted. Both properties underwent extensive gut renovations between 2010 and 2012. This owner/user investment presents a unique opportunity in a high-density urban area with abundant parking. The asking price is $3,990,000, with a price per square foot of $129.27. The property consists of two buildings, each two stories, situated on a 1.24-acre lot. Potential for partial sale-leaseback exists.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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