909 Chestnut St - Office FOR SALE
Saint Louis, MO 63101 |
909 Chestnut St
Saint Louis, MO 63101
HIGHLIGHTS
- Iconic 1.5MM SF tower centrally located in Downtown St. Louis offered at an extreme discount to replacement cost and primed for redevelopment.
- $80M+ in State and Federal Historic Tax Credits are available towards a redevelopment plan.
- Located in an Opportunity Zone, offering significant tax benefits to new ownership.
- Column-free, rectangular floor plans allow for easy conversion to multifamily, hospitality, and other uses.
- The building has been impeccably maintained by its prior owner-occupier, AT&T, and current ownership.
- Extensive city and state support for a redevelopment of the building. Prior redevelopment plan was approved for a 15-year tax abatement.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
1.5MM SF Historic Redevelopment Opportunity
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
1461274
STORIES
44
BUILDING CLASS
B
YEAR BUILT
1985
SPRINKLERS
-
PARKING SPACES
80
LAND DETAILS
LAND ACRES
1.61 AC AC
LAND SF
70,310 SF
ZONING
-
APN/PARCEL ID
0275-00-0013-0,0275-00-0060-0
