Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/2481/ Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing retail building located at 3510 Gravois Avenue in St. Louis, Missouri (the “Property”). Formerly occupied by Advance Auto Parts, the Property is being offered significantly below replacement cost, presenting an excellent opportunity for owner/users or investors to acquire a highly visible, strategically positioned asset at a compelling basis. FIRST BID MEETS RESERVE! Built in 1997, the Property comprises a one-story, ±8,710-square-foot free-standing retail building situated on ±34,532 Square Feet (±0.79 AC), with 43 surface parking spaces. The site features ±284 feet of frontage along Gravois Avenue with nearly 17k vehicles per day (VPD) and two points of ingress/egress for convenient access. Strategically positioned on a hard corner and a Schnucks shadow, the Property was previously leased to Advance Auto Parts on a triple-net (NNN) basis. The Property presents owner-users or investors with the ability to unlock significant value-add potential through lease-up at long-term market rates (CoStar estimated retail rents of $13-16/SF NNN). Zoned H, Area Commercial District, the Property allows for flexible retail and commercial uses, appealing to a wide range of end-users. This former Advance Auto Parts is strategically positioned on a prominent hard corner in the St. Louis City South Submarket, offering ±311 feet of frontage along Gravois Avenue (MO-30, a major east-west thoroughfare with ±16,912 vehicles per day. Located just ±5 miles southwest of Downtown St. Louis and ±15 minutes from Lambert International Airport, the Property benefits from excellent regional connectivity via Grand Boulevard (±20,451 VPD), South Broadway, and I-44 (±101,823 VPD), just 1.5 miles away. The surrounding area is densely populated and walkable, characterized by a mix of residential neighborhoods, schools, small businesses, and historic landmarks. Within a 2-mile radius are major institutional demand drivers including Saint Louis University (±13,500 students), Washington University in St. Louis (±8,100 students), and SSM Health Saint Louis University Hospital (525 beds), as well as Barnes-Jewish Hospital (1,400 beds)—Missouri’s largest hospital and a nationally ranked academic medical center. The Property also lies near significant cultural and recreational amenities such as Tower Grove Park, the Missouri Botanical Garden (±900,000 annual visitors), and Forest Park, which hosts the Saint Louis Zoo, Saint Louis Art Museum, and Missouri History Museum. With ±147,000 residents and an average household income of ±$74,500 within a 3-mile radius, and nearly 306,000 residents with an AHHI of ±$88,500 within 5 miles, the area supports strong daily traffic and consistent demand for retail and essential services. The site’s location, visibility, and proximity to top-tier medical, educational, and cultural institutions position it as a compelling opportunity for a wide range of retail, healthcare, and service-based users.