12-14 N Newstead Ave - Office FOR SALE


Saint Louis, MO 63108- Central West End
$975,000 USD
314-451-7471
12-14 N Newstead Ave, Saint Louis, MO for Sale
$975,000 USD
Office - FOR SALE
1/23
null | Request Cap Rate

NEW


12-14 N Newstead Ave
Saint Louis, MO 63108
Central West End


HIGHLIGHTS

  • 11,800 SF Two-Story Building
  • Large Parking Lot Included: Potential for New Construction/Expansion
  • Premier CWE Location
  • Historic Tax Credit Eligible
  • Potential to Utilize 3rd Floor Attic to Increase GBA
  • Multiple redevelopment options: Apartment Concept Plans Available

OVERVIEW

Salient Realty Group is pleased to offer 12-14 North Newstead Avenue to the market. This turn of the century former police station is one of the very last historic redevelopment opportunities in St. Louis’ most illustrious neighborhood: The Central West End. Newstead holds a place on the National Register of Historic Places and is eligible for Federal and State Historic Tax Credits. Concept plans are available to add apartments in the huge attic, bringing the total building area to +/- 15,000 square feet. Included in the sale is a half-acre + parking lot furthering Newstead’s status as a one of a kind redevelopment opportunity. Parking in CWE is very limited; so having this lot behind the building is very valuable and rare. With this size of lot, there is also potential to add a building or an expansion behind the property as well. Please reach out to the brokers for more information or to set up a tour. Survey and plans are available upon request.

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$90 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1905

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

F&C

APN/PARCEL ID

3906-00-0565-0

ASK ABOUT THIS PROPERTY

Garen LafserSalient Realty Group LLCMore Info
314-451-7471

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Garen LafserSalient Realty Group LLCMore Info
314-451-7471

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.