Property summary
This exceptional 38,640 square foot creative office building at 1706 Olive Street in St. Louis, Missouri, presents a unique investment opportunity. Built in 1918, this concrete structure boasts a full basement, 80' x 69' footprint, and 5,520 square foot floor plates. The building features ample natural light with windows on all four sides, along with one freight elevator and one passenger elevator, and a convenient corner stairwell. Its prime location offers unparalleled access to key city amenities. It sits directly across Olive Street from the $130 million redevelopment of the Butler Brothers Building, just two blocks east of both the St. Louis Police Headquarters and the new Major League Soccer stadium, and three blocks northeast of the renovated Union Station. This historic building is eligible for federal and state historic tax credits, presenting significant potential for investors. The property's substantial size and desirable location make it ideal for adaptive reuse and redevelopment, catering to a variety of creative office tenants. The building's solid concrete construction, including floors and roof, ensures durability and longevity. This is a rare chance to acquire a landmark property in a rapidly developing area of St. Louis. The asking price is $995,000. The zip code is 63103.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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