Property Details
Investment Opportunity: Multifamily in the Heart of The Grove
Colliers International is pleased to exclusively offer “4321 Grove”, the innovative mixed-use development of 20 residential units and street level retail at 4321 Manchester Avenue (the Property). This investment asset is located in the heart of the vibrant entertainment and business district known as “The Grove”.
The Property is situated just outside of the downtown St. Louis central business district, in the city’s central corridor, which is in the midst of a $10 billion tech and healthcare-related development boom. The location benefits from outstanding access to transportation, with the city’s
two main east/west interstate highways. St. Louis’ greatest assets are concentrated in this corridor, including nationally recognized institutions in healthcare, education and research, culture, entertainment, along with the best urban neighborhoods.
The offering of this property presents investors with a unique opportunity to acquire a well-stabilized asset in one of the region’s most- flourishing areas anchored by major employers, higher education, healthcare, entertainment and nightlife.
TRATEGIC LOCATION Located directly in the heart of The Grove, an eclectic, yet established business and entertainment district adjacent to iconic Forest Park and renowned institutions such as Washington University, BJC Healthcare, St. Louis Universit
VALUE-ADD OPPORTUNITY IN BOOMING AREA Rental rates for the commercial spaces and the residential units are below-market which presents the opportunity to raise the rents significantly
QUALITY CONSTRUCTION Built in 2016, consisting of 20 spacious residential units, two commercial retail units, and enclosed structured parking.
MODERN DESIGN WITH HIGH-END FINISHES Brick, metal, and composite exterior finishes complement granite counter tops, stainless appliances, and open floor plans on the interior.
- Property TypeOffice
- Submarket
- Year Built2016
- Total Acres0.41
- Building ClassA
- Property ID2149370
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