New Listing

2648 Gravois Avenue

St Louis, MO 63118
6,195 sqft
$425,000
Photo of 2648 Gravois Avenue St Louis MO 63118

Details

This mixed-use building presents a prime opportunity for an investor or developer to transform a blank slate into a high-performing asset in the heart of South City. The property has undergone significant improvements, including a large new deck and a three-car garage, but still requires plumbing, electrical updates, drywall, and finishing touches to reach its full potential. Six units are already gutted and framed, making it well on its way to becoming a fully functional six-unit apartment building. The building currently features three apartments on the upper level and three commercial spaces on the main level. Additionally, a large, open, unfinished attic offers even more potential for creative development. Located in a vibrant and rapidly redeveloping area, the property is surrounded by sought-after neighborhoods like Tower Grove East, Fox Park, and Benton Park West. Its South City location provides easy access to public transportation, major highways, and downtown St. Louis.

Specs

Type Commercial
Square Footage 6,195 sqft
Lot Size 0.04 acres
Year Built 1885
Taxes Paid $2,052

Lots & Building Features

Construction Conventional
Cooling Other
Heating Forced Air
Parking Description Enclosed
Sewer Public Sewer
Tax Year 2024
Water Public
Lot Dimensions 50x88 ft

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Financing

$
20%
0.48282352941176%
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

Area

City St Louis
County St Louis City
Subdivision Daggetts Add
Jordan Schoen & Matt Guignon, Invest St. Louis