6248-6254 Delmar Blvd - Apartments FOR SALE


Saint Louis, MO 63130- Skinker DeBaliviere
$2,500,000 USD
314-655-6060
6248-6254 Delmar Blvd, Saint Louis, MO for Sale
$2,500,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

6248-6254 Delmar Blvd
Saint Louis, MO 63130
Skinker DeBaliviere


OVERVIEW

CBRE, as the exclusive investment advisor and broker, is delighted to present 6248-54 Delmar Boulevard (the “Property”), for sale. This mixed-use property, located near the vibrant Delmar Loop, features 12 residential units and 5 commercial units. Originally constructed in 1926 as a bomb shelter for the neighborhood during World War II, and renovated over the years, the property boasts twelve multifamily units, each approximately 900 square feet, and 6,661 square feet of ground-floor retail space. The retail units range from 695 to 2,994 square feet, all situated on a 0.136-acre site. Situated in the vibrant Delmar Loop of St. Louis, at the intersection of University City and St. Louis City, 6248-54 Delmar boasts an exceptional location on Delmar Blvd. just off Skinker Blvd. This lively entertainment district is renowned for its eclectic blend of live music, dining, shopping, and activities. While entirely within the City of St. Louis, its proximity to University City enhances its appeal, offering the advantages of city living with the charm of the Loop. Plus, with favorable city taxes, it’s an attractive option for those seeking both convenience and value. One of the standout features of this property is its proximity to Washington University in St. Louis (WashU). Being within walking distance to WashU is a significant advantage, providing easy access to a prestigious educational institution, a vibrant student population, and numerous cultural and academic events. This proximity enhances the property’s appeal to both residents and businesses, making it an ideal investment opportunity. Additionally, the property is conveniently located near Forest Park to the south and the Clayton CBD to the west, offering easy access to a wide range of amenities, services, and employment opportunities.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$141 USD /SF

# OF UNITS

12

PRICE/UNIT

$208,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Delmar Limit Building

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1926

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,999 SF

ZONING

F

APN/PARCEL ID

5408-00-0010-7

ASK ABOUT THIS PROPERTY

314-655-6060

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314-655-6060

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