Description
Back on market at no fault of seller. Central West End commercial redevelopment opportunity. Prime location next to St Louis University and Cortex. 15,132 SF Building (3 floors @5,044 each). Potential uses include multi-family student housing, office space, co-working, micro apartments, mixed use. Location, high rents for student housing make this an attractive conversion. Spec drawings and renderings available for 18 apartments with (15) one bedroom and (3) two bedroom apartments. Market rent for updated 1 beds close by renting for $890-$1,370 and 2 beds from $1,195 to $1,795 there is the potential for $16,935-$25,935 in gross monthly income and $203,220-$311,220 in annual gross income depending on finishes, amenities. With 40% expense/vacancy of the gross rent net income could range from $121,932-$186,732 annually. Located in an opportunity zone. Rear parking lot w/ 12 spaces. Also available for $295,000 is adjacent parking lot at 3909-11 West Pine with approximately 33 parking spots
Details
| MLS# | 20054195 |
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| Listing Type | For Sale |
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| Sub-Type | Resale |
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| Status | Active |
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| Year | 1898 |
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| Days On Site | 208 |
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Features
| Date | Sales | Avg $ Per SqFt | Min Sale Price | Max Sale Price | Med Sale Price |
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| Date: Jan 2021 | Sales: 3 | Avg $ Per SqFt: $167.71 | Min Sale Price: $2,300 | Max Sale Price: $895,000 | Med Sale Price: $465,000 |
| Date: Dec 2020 | Sales: 12 | Avg $ Per SqFt: $125.4 | Min Sale Price: $1,350 | Max Sale Price: $1,125,000 | Med Sale Price: $315,000 |
| Date: Nov 2020 | Sales: 7 | Avg $ Per SqFt: $105.28 | Min Sale Price: $975 | Max Sale Price: $800,000 | Med Sale Price: $150,000 |
| Date: Oct 2020 | Sales: 18 | Avg $ Per SqFt: $157.32 | Min Sale Price: $1,100 | Max Sale Price: $2,350,000 | Med Sale Price: $290,000 |
| Date: Sep 2020 | Sales: 19 | Avg $ Per SqFt: $179.2 | Min Sale Price: $2,050 | Max Sale Price: $1,812,500 | Med Sale Price: $345,000 |
| Date: Aug 2020 | Sales: 19 | Avg $ Per SqFt: $158.82 | Min Sale Price: $1,900 | Max Sale Price: $2,050,000 | Med Sale Price: $270,000 |
| Date: Jul 2020 | Sales: 39 | Avg $ Per SqFt: $134.63 | Min Sale Price: $695 | Max Sale Price: $2,100,000 | Med Sale Price: $174,000 |
| Date: Jun 2020 | Sales: 29 | Avg $ Per SqFt: $160.87 | Min Sale Price: $1,650 | Max Sale Price: $1,505,000 | Med Sale Price: $257,000 |
| Date: May 2020 | Sales: 32 | Avg $ Per SqFt: $114.12 | Min Sale Price: $875 | Max Sale Price: $1,265,290 | Med Sale Price: $203,000 |
| Date: Apr 2020 | Sales: 51 | Avg $ Per SqFt: $161.46 | Min Sale Price: $1,445 | Max Sale Price: $980,000 | Med Sale Price: $285,000 |
| Date: Mar 2020 | Sales: 34 | Avg $ Per SqFt: $154.19 | Min Sale Price: $1,500 | Max Sale Price: $1,079,630 | Med Sale Price: $304,500 |
| Date: Feb 2020 | Sales: 24 | Avg $ Per SqFt: $149.16 | Min Sale Price: $1,000 | Max Sale Price: $1,275,000 | Med Sale Price: $265,750 |
| Jan 2021 |
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| Sales: | 3 |
| Avg $ Per SqFt: | $167.71 |
| Min Sale Price: | $2,300 |
| Max Sale Price: | $895,000 |
| Med Sale Price: | $465,000 |
| Dec 2020 |
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| Sales: | 12 |
| Avg $ Per SqFt: | $125.4 |
| Min Sale Price: | $1,350 |
| Max Sale Price: | $1,125,000 |
| Med Sale Price: | $315,000 |
| Nov 2020 |
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| Sales: | 7 |
| Avg $ Per SqFt: | $105.28 |
| Min Sale Price: | $975 |
| Max Sale Price: | $800,000 |
| Med Sale Price: | $150,000 |
| Oct 2020 |
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| Sales: | 18 |
| Avg $ Per SqFt: | $157.32 |
| Min Sale Price: | $1,100 |
| Max Sale Price: | $2,350,000 |
| Med Sale Price: | $290,000 |
| Sep 2020 |
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| Sales: | 19 |
| Avg $ Per SqFt: | $179.2 |
| Min Sale Price: | $2,050 |
| Max Sale Price: | $1,812,500 |
| Med Sale Price: | $345,000 |
| Aug 2020 |
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| Sales: | 19 |
| Avg $ Per SqFt: | $158.82 |
| Min Sale Price: | $1,900 |
| Max Sale Price: | $2,050,000 |
| Med Sale Price: | $270,000 |
| Jul 2020 |
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| Sales: | 39 |
| Avg $ Per SqFt: | $134.63 |
| Min Sale Price: | $695 |
| Max Sale Price: | $2,100,000 |
| Med Sale Price: | $174,000 |
| Jun 2020 |
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| Sales: | 29 |
| Avg $ Per SqFt: | $160.87 |
| Min Sale Price: | $1,650 |
| Max Sale Price: | $1,505,000 |
| Med Sale Price: | $257,000 |
| May 2020 |
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| Sales: | 32 |
| Avg $ Per SqFt: | $114.12 |
| Min Sale Price: | $875 |
| Max Sale Price: | $1,265,290 |
| Med Sale Price: | $203,000 |
| Apr 2020 |
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| Sales: | 51 |
| Avg $ Per SqFt: | $161.46 |
| Min Sale Price: | $1,445 |
| Max Sale Price: | $980,000 |
| Med Sale Price: | $285,000 |
| Mar 2020 |
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| Sales: | 34 |
| Avg $ Per SqFt: | $154.19 |
| Min Sale Price: | $1,500 |
| Max Sale Price: | $1,079,630 |
| Med Sale Price: | $304,500 |
| Feb 2020 |
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| Sales: | 24 |
| Avg $ Per SqFt: | $149.16 |
| Min Sale Price: | $1,000 |
| Max Sale Price: | $1,275,000 |
| Med Sale Price: | $265,750 |
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MLS Number: 20054195