$630,000

Would make an excellent investment for 1031 exchange proceeds. Opportunity to purchase 14 building lots in gated development overlooking the mansions on Washington Terrace and next to the Central West End and Forest Park. Lots are fully improved with all infrastructure in place including water, sewer, electric, and private gated street. Zoning is E. Multi-Family Residential and would be ideal for luxury Town Homes. The 14 Fee Simple lots are part of the 40 lot Delmar Town Home Association that has been approved by the city of St. Louis Building Division and Cultural Resources. Potential to split the 14 lot package into 2 and 4 lot packages at $45,000 a lot. Professional appraisal in 2021 valued lots at $57,000 each. In 2022, a package of four lots sold for $45,000 per lot ($180,000). Short term seller financing available to qualified buyers. Additional lots are available for purchase.