Skip to main content

Multifamily

4333 Manchester Ave - The Grove

4333 Manchester Ave, St. Louis, MO 63110

Listing Price: $600,000

Cap Rate
1.00%
Number of Units
3
GRM
600,000.00
Occupancy
1.0%
Price/Unit
$200,000
Price/Gross SF
$410.40
Gross SF
1,462

Investment Overview

Marcus & Millichap is pleased to present 4333 Manchester Avenue located in the heart of “The Grove” neighborhood in St Louis, Missouri, located on Manchester Avenue between S. Newstead to the West and Tower Grove Avenue to the East.

Currently used as Office, the Property features a 2,300-square-foot (estimated) red brick building with a large side yard. Originally built in 1907, the building is situated on frontage of 50 feet and 125 feet deep lending the property to multiple uses such as residential (current zoning), Office, Retail or Restaurant with outside seating.

Over the last 15 years, the area surrounding the subject property in The Grove, has seen substantial new development and major renovation, featuring new apartments, restaurants and retail and office businesses giving the investor multiple options to leverage the upside of this unique property. In 2016, the adjacent property at 4321 Manchester was developed into 20 apartments over retail store fronts with asking apartment rents of $1465 per unit. Directly adjacent to the west at 4337 Manchester, the 2200-square-foot two story brick property was renovated for a store front office and living space upstairs.

The Grove neighborhood features a variety of independently owned restaurants, bars, boutiques, and coffee shops. The area's walkability, combined with its eclectic mix of establishments, ensures that there's something for everyone. Whether you're looking to enjoy a meal, experience live music, or appreciate local art, The Grove offers a unique and enriching experience.

Investment Highlights

  • Prime Location on Manchester Avenue in The Grove
  • Excellent Conversion Opportunity to Restaurant or Retail. The Property is Currently Used as Small O?ce but can be Rezoned.
  • Deep Lot (50' Frontage x 125 Deep)
  • Large Yard is Ideal for Outdoor Patio with Seating or Expansion of the Existing Building
  • Live-Work-Play Environment with Close Proximity to Cortex, Downtown, BJC, St Louis University

Exclusively Listed By

  • Aaron Kuroiwa

    Senior Managing Director Investments

    (317) 218-5330

    Email Aaron

    License(s): IN: RB17000780

    Indianapolis

  • Dave Saverin

    Senior Director Investments

    (314) 889-2555

    Email Dave

    License(s): MO: 2008013520, IL: 475185449, KS: 00249685, NE: 20250162

    St. Louis

Broker of Record

  • Dave Saverin

    Senior Director Investments

    (314) 889-2555

    License(s) MO: 2008013520

    Missouri

Multifamily

4333 Manchester Ave - The Grove

Listing Price: $600,000

Cap Rate
1.00%
Number of Units
3
GRM
600,000.00
Occupancy
1.0%
Price/Unit
$200,000
Price/Gross SF
$410.40
Gross SF
1,462

Investment Highlights

  • Prime Location on Manchester Avenue in The Grove
  • Excellent Conversion Opportunity to Restaurant or Retail. The Property is Currently Used as Small O?ce but can be Rezoned.
  • Deep Lot (50' Frontage x 125 Deep)
  • Large Yard is Ideal for Outdoor Patio with Seating or Expansion of the Existing Building
  • Live-Work-Play Environment with Close Proximity to Cortex, Downtown, BJC, St Louis University

Investment Overview

Marcus & Millichap is pleased to present 4333 Manchester Avenue located in the heart of “The Grove” neighborhood in St Louis, Missouri, located on Manchester Avenue between S. Newstead to the West and Tower Grove Avenue to the East. Currently used as Office, the Property features a 2,300-square-foot (estimated) red brick building with a large side yard. Originally built in 1907, the building is situated on frontage of 50 feet and 125 feet deep lending the property to multiple uses such as residential (current zoning), Office, Retail or Restaurant with outside seating. Over the last 15 years, the area surrounding the subject property in The Grove, has seen substantial new development and major renovation, featuring new apartments, restaurants and retail and office businesses giving the investor multiple options to leverage the upside of this unique property. In 2016, the adjacent property at 4321 Manchester was developed into 20 apartments over retail store fronts with asking apartment rents of $1465 per unit. Directly adjacent to the west at 4337 Manchester, the 2200-square-foot two story brick property was renovated for a store front office and living space upstairs. The Grove neighborhood features a variety of independently owned restaurants, bars, boutiques, and coffee shops. The area's walkability, combined with its eclectic mix of establishments, ensures that there's something for everyone. Whether you're looking to enjoy a meal, experience live music, or appreciate local art, The Grove offers a unique and enriching experience.

Exclusively Listed By

  • Aaron Kuroiwa

    Senior Managing Director Investments

    (317) 218-5330

    Email Aaron

    License(s): IN: RB17000780

    Indianapolis

  • Dave Saverin

    Senior Director Investments

    (314) 889-2555

    Email Dave

    License(s): MO: 2008013520, IL: 475185449, KS: 00249685, NE: 20250162

    St. Louis

Broker of Record

  • Dave Saverin

    Senior Director Investments

    (314) 889-2555

    License(s): MO: 2008013520

    Missouri

MM Texture Background
MM Textured Background Lower