3207 Washington Ave St St. Louis, MO 63103
- Specialty properties
- 30,865 SF
- 1.24 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 3207 Washington Ave St
- Lot size
- 1.24 lot acres
- Property size
- 30,865 SF
- Property type
- Specialty properties
- Property subtype
- Wedding venues
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- St. Louis
- County
- State
- Missouri
- Longitude
- -90.2253
- Latitude
- 38.6375