$99,900

2648 Gravois Ave

St Louis MO, 63118

Description

If you are an experienced rehabber looking for your next big project, this one is a must-see. Located on historic Route 66 at the convergence of 5 of the Citys popular neighborhoods, 2648-52 Gravois is surrounded by many new developments including the just-finished $20MM+ Rung property only 2 blocks away. Zoned as Neighborhood Commercial (F), the space can be leveraged in many ways: either all commercial, all residential, or a mix. Its currently set up as 3 units on the 1st, 3 on the 2nd, and then room for a 7th unit in the wide-open 3rd floor. There is a tall basement as well as a 4 car garage. The adjacent LRA lot is for sale for around $3k and offers additional green space or parking options. The property was prepped for rehab and new vinyl windows installed prior to undergoing the formal process to re-classify the building as historic so that it would qualify for federal tax credits (no historic restrictions are required on the rehab though if not doing tax credits). DL-20078194.

Details

MLS#20078502
Listing TypeFor Sale
Sub-TypeResale
StatusPending - Show
Year1885
Days On Site35

Features

SQ Feet6,195
Story(s)3
ZoningF

Market Activity 63118

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Area Information
StateMO
CountySt Louis City
CitySt Louis
Zip Code63118
AreaCentral East
Listing VS Median (in 63118)
Price:
$99,900
low | high
Med:
$129,900
19.96996996997% of Average
SqFt:
6,195
low | high
Med:
1,157
100% of Average
$ / SqFt:
$16
low | high
Med:
$28
24.05705186604% of Average
On Site:
35
low | high
Med:
27.5
100% of Average
Listing Updated: December 3, 2020 8:01:14 PM PST
Riahna&Matt Kastner LogoMLS Number: 20078502
Listing Provided By:
Riahna&Matt Kastner  of  St. Louis Real Estate Society