1211 S Newstead Ave - Loft/Creative Space FOR SALE


Saint Louis, MO 63110
$599,000 USD
314-255-5117
1211 S Newstead Ave, Saint Louis, MO for Sale
$599,000 USD
Loft/Creative Space - FOR SALE
1/25
null | Request Cap Rate

1211 S Newstead Ave
Saint Louis, MO 63110


OVERVIEW

6,000 sq. ft. (3,000 sq. ft. main level + finished basement) fully leased commercial building. Tenant can vacate upon purchase. Ready for redevelopment into multi-family apartments, a restaurant, an event venue, office spaces, or mixed-use configurations. There is an adjacent 0.2-acre lot, flexible for parking, multi-family, or townhomes. Comparable lots in the neighborhood have sold for up to $125,000. Renovated within the last five years, the building is in excellent condition and ready for immediate use. Located in The Grove, one of St. Louis’ most vibrant and growing neighborhoods, this property offers a rare opportunity to capitalize on the area’s ongoing revitalization. Surrounded by popular bars, restaurants, nightlife, major hospitals, SLU, and Forest Park, with convenient highway access. Perfect for investors, developers, or owner-occupants seeking a strategic income-producing asset. Potential uses include offices, an event venue, a restaurant, or conversion to multi-family. Townhomes could be built on the vacant portion of the property or used for off-street parking.

FOR SALE DETAILS

PRICE

$599,000 USD

PRICE/SF

$100 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1907

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

B

APN/PARCEL ID

3975-00-0240-0

ASK ABOUT THIS PROPERTY

Jordan SchoenInvest Saint LouisMore Info
314-255-5117

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Jordan SchoenInvest Saint LouisMore Info
314-255-5117

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