1053 Vandeventer Ave St St. Louis, MO 63110
- Apartment buildings
- 5,708 SF
- 0.25 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 1053 Vandeventer Ave St
- Lot size
- 0.25 lot acres
- Property size
- 5,708 SF
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a two-building portfolio totaling six units situated on a 0.25-acre lot in St. Louis's vibrant Grove neighborhood. The property comprises a fully occupied two-family building (2,400 square feet) and a vacant four-family building (3,308 square feet) requiring complete rehabilitation. Located at the hard corner of Vandeventer and Sarah Streets, this prime 0.25-acre site benefits from its position at the planned signalized intersection of the Tower Grove Connector, offering significant redevelopment potential. The existing structures could be renovated, repurposed, or replaced with new construction, catering to the area's high demand for housing. The asking price is $895,000, translating to $174.32 per square foot and $165,833.33 per unit. The property's Class C designation and redevelopment investment type highlight its potential for substantial return on investment. This is a rare chance to acquire a significant parcel in a rapidly growing area. The property's strategic location and size make it ideal for various development scenarios, from infill projects to adaptive reuse of the existing buildings. The opportunity to capitalize on the neighborhood's revitalization and the increased traffic flow resulting from the new connector makes this a compelling investment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- St. Louis
- County
- St. Louis
- State
- Missouri
- Longitude
- -90.2496
- Latitude
- 38.6273
