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Mixed Use Duplex in heart of South City – Great Opportunity for Live/ Work Space

2654 Gravois Ave, St. Louis, MO 63118, USA
$249,900

Description

This mixed-use property in the Heart of St. Louis City is a great choice for any buyer looking for an updated building with a unique character and excellent investment potential. Located on a prominent corner of Gravois at the convergence of the Benton Park, Tower Grove, Fox Park, & Soulard neighborhoods, this building has amazing views of the historic & architecturally significant St. Francis de Sales church. With a style all of its own, this property also has other notable attributes such as rounded rooms and doors, stained glass, 13ft tall wooden ceilings, and tons of other original character. Zoned Neighborhood Commercial (F), this building can be used in a variety of ways: all residential, all commercial, or a mix of both. Whether you are looking for a live-work arrangement, a new home for your business, or simply an investment property, you don’t want to miss this great opportunity.

LAYOUT

With 1,167 sq ft of space on the first floor, a 550 sq ft basement space that is open to the first floor, and a 726 sq ft built-on garage, the 1st floor unit is currently set up as a commerical space and can accommodate numerous business types. There is a large front reception area with a half bathroom and a small conference room (or private office) as well as 2 large storage closets. In the back, there is another large, wide-open room that currently houses 5 spacious cubicle spaces, one private office, and another large storage closet. This room is open to the basement which is partially finished with another half bath, kitchenette/ break room area with seating, conference room, and additional storage area. 

On the second floor, the 987 sq ft unit with 180 sq ft enclosed porch offers an interesting variety of options. This unit can either be used as additional office space along with the first-floor operation, operate as a completely separate commercial space, or it can also be used as a 2 bed, 1 bath apartment. So a live-work setup would be very easy to arrange. This space has a full kitchen including a refrigerator, gas range, dishwasher, built-in microwave, dedicated stackable laundry units, and a full bathroom. There are also 2 nice-sized private bedrooms with spacious closets, as well as a living room and dining area. Due to the room sizes and layout of the 2nd floor, if used as a commercial space, there is a lot of room for desks for an office type setting, including the ability for private office spaces.

Finally, the over-size garage can also be used as a separate (3rd) rented space or in conjunction with either the 1st or 2nd floor units.

PROPERTY USES

Currently, both the first and second floors are being used as commercial space. The 2nd floor was used as a residential apartment from 2014-2016. Prior to that, the 2nd floor was leased to a separate tenant as commercial space. The garage space was also leased to a separate tenant from 2012-2014. The 1st and 2nd floor have fully separate electric & gas utilities as well as separate HVAC systems. Their alarm systems can also be separated. The garage is on the same utilities as the 1st floor but does have its own heating & cooling unit and its alarm system can also be separated. It can certainly be used for parking but has more commonly been used for storage and as a workspace due to its larger size. As you can see, the layout of this property as well as the flexibility to change the 2nd floor from residential to commercial and back again gives you a variety of different options on how to make the building work within your needs. 

MAJOR UPDATES

  • Roof – 2010 – New tear-off roof installation on main building and garage
  • HVAC – 2008 – 2 new furnaces and 2 new condensers installed. Separately zoned for each floor.
  • Windows – 2012 – All windows in the building were replaced with quality insulated windows.
  • Storefront – 2009 – Brand new custom storefront installed
  • Tuckpointing – 2012 – The side and back were spot tuckpointed. The front of the building was completely repointed and sealed. 
  • 1st Floor (Front office area) – 2009 – Added a new ADA compliant bathroom and performed a variety of updates to floor, lights, paint, etc.
  • 2nd Floor – 2014 – Renovated the apartment on the second floor, including refinishing wood floors, updating fixtures, installing custom door hardware, and a number of other updates to make the residential unit a higher level of finish, and to make future use as a commercial space possible. This rehab included adding a stackable, front-loader laundry unit; updating the Kitchen with new cabinets, tile flooring, countertops and appliances; and also updating the full bathroom with ceramic tile flooring and tile shower surround.
  • 1st Floor (Rear office area) – 2012 – Completely overhauled the flooring, walls, paint, electric fixtures, railings, and created an exposed brick rear wall. 
  • Basement (2012) – Insulated and improved the finishes of the basement area to create more usable space. Added a breakroom area with sink, microwave, full-size refrigerator, and table. Also updated the half bathroom and added a conference room.
  • Garage – Replaced garage door and added an opener in 2014. Installed a PTAC unit in 2019 so the garage could have its own heating and cooling system.
  • Alarm – 3 zoned alarm system which can be used as one cohesive system or separated out for the 1st floor, 2nd floor, and garage as separate spaces if need be depending on the tenancy.

ROOM SIZES

The room sizes and total square footage are estimates only. The tax records are incorrect.

  • 1st Floor – 1,167 sq ft – 13′ ceilings
    • Front Office – 20’ x 20’
    • Private Front Office/ Conference Room – 9’ x 11’
    • Half Bath – 9’ x 7’
    • Rear Office Space – 26 x 22’ which includes 1 private office 
  • 2nd Floor – 1,167 sq ft  (987 sqft + 180 sqft enclosed porch) – 8′ 6″ ceilings
    • Front Room (Bed 1) – 11’ x 19’
    • Middle Room (Living & Dining) – 11’ x 17’
    • Rear Room (Bed 2) – 11’ x 14’
    • Kitchen – 11’ x 12’
    • Full Bath – 7’ x 5’
    • Enclosed Porch – 20’ x 9’
  • Garage – 748 sqft – 34’ x 22’ –  9’2” ceilings
  • Basement – 550 sqft – 25’ x 22’ – 8′ 6″ ceilings
  • Total – 2,154 sqft above grade space – 3,632 sqft total space

PARKING

There is always plenty of street parking right out front on this side of the street. The shoulder is extra wide here on this section of Gravois and there is also a dedicated bike line built-in which provides a decent buffer from traffic when getting out of your vehicle. Plus, there aren’t any parking meters and also no street cleaning schedule so it’s very easy. Additionally, with being located on the corner, there is additional parking along Lynch street (again without meters or street cleaning) and easy access to the building through the rear entry door on the garage. The garage can offer parking for at least 2 cars, potentially up to 3 if smaller vehicles. 

The building owner owns the separate, undeveloped lot behind the building at 2633 Lynch. This lot could be included with the sale and could serve as future parking or as green space. 

Note: the adjoining parking lot on the southwest side of the building is not a part of the sale as it is owned by someone else. They are not interested in selling it but are likely open to leasing it if that were ever of interest.

OTHER NEARBY PROPERTIES FOR SALE THAT CAN BE PURCHASED WITH 2654 GRAVOIS OR SEPARATELY ($364,800 Total Price)

  • 2648-2652 Gravois, 63118 – 7 units – $99,900
  • 2633 Lynch, 63118 – Fenced-in Lot located directly behind 2654 Gravois – $15,000
    • To be sold only with either the purchase of 2654 Gravois or 2648-2652 Gravois; will not sell separately.

Detail

Updated on November 9, 2020 at 2:58 pm

  • Price: $249,900
  • Property Size: 2154 Sqft
  • Land Area: 2111 Sqft
  • Bedrooms: 2
  • Bathrooms: 3
  • Garage: 1
  • Garage Size: 2+
  • Year Built: 1933
  • Property Type: Commercial
  • Property Status: For Sale
  • Units: 2
  • Address: 2654 Gravois
  • City: St. Louis
  • State/county: Missouri, St. Louis City
  • Zip/Postal Code: 63118
  • Neighborhood: Benton Park West
  • Country: United States

Contact info

Riahna Kastner
Riahna Kastner
314.332.1044
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