1520 Washington Ave - Apartments CONDO FOR SALE


Saint Louis, MO 63103- Downtown West St Louis
$2,150,000 USD
314-809-8541
1520 Washington Ave, Saint Louis, MO for Sale
$2,150,000 USD
Apartments CONDO - FOR SALE
1/31
null | Request Cap Rate

1520 Washington Ave
Saint Louis, MO 63103
Downtown West St Louis


HIGHLIGHTS

  • 80%+ seller financing — as little as 20% down
  • Priced at ~$53/SF — less than 30% nearby retail comps
  • ~5% cap in place, ~12.2% stabilized
  • East ~23,629 SF leased; west 17,010 SF available
  • West space divisible into two or more, down to ~3,000 SF
  • Pro forma cash-on-cash potential of 40%+

OVERVIEW

SELLER FINANCING AVAILABLE — 80%+ CARRY, AS LITTLE AS 20% DOWN Value-add ground-floor retail condo in the historic Ely Walker Building, offered at $2,150,000 (~$53/SF) — well below comparable downtown retail sales. East portion (~23,629 SF) leased at $11,500/mo + NNN West space (17,010 SF) now available — divisible into two spaces, down to ~3,000 SF In-place ~4.9% cap; ~12.2% stabilized once the west space leases Pro forma cash-on-cash potential of 40%+ with seller financing — driven simply by leasing the available space In the heart of the Washington Avenue Loft District, surrounded by hotels, retail, restaurants, offices, and thousands of residents — and blocks from Energizer Park, home of St. Louis CITY SC.

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$53 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

99%

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ely Walker Lofts

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

225,485 SF

STORIES

7

BUILDING CLASS

A

YEAR BUILT

1906

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.78 AC

LAND SF

77,537 SF

ZONING

I

APN/PARCEL ID

0832-00-0011-0,0832-00-0058-0,0832-00-0068-0,0832-00-0081-0,0832-00-0090-0,0832-00-0103-0,0832-00-0107-0,0832-00-0135-0,0832-00-0139-0,0832-00-0142-0,0832-00-0144-0,0832-00-0145-0,0832-00-0219-0,0832-00-0223-0,0832-00-0228-0,0832-00-0235-0,0832-00-0281-0,0832-00-0288-0

ASK ABOUT THIS PROPERTY

Ben RileyKeys RealtyMore Info
314-809-8541

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Ben RileyKeys RealtyMore Info
314-809-8541

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