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 City’s 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. It’s 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). Come see it!
Updated on November 16, 2020 at 2:39 pm
Mixed Use Multi-Unit Investment Opportunity – Great S. City Location! - 2648 Gravois Ave, St. Louis, MO 63118, USA
