Opportunity to purchase 2 lots in a private gated development in the DeBaliviere Place neighborhood overlooking the mansions on Washington Terrace. The lots are located near the Central West End approximately 5 blocks from Forest Park. Each of the lots are zoned E. for multi-family residential and would be ideal for luxury townhomes, which have already been approved by the city of St. Louis. These lots are fully developed with new utility connections for water, sewer, and electric, as well as newer streets and gated access. The surrounding area is currently undergoing a lot of redevelopment activity. There are four brand new townhomes currently under construction within the development, with another four in the process of being built. Similar individual lots without utilities in the surrounding area have sold in the range of $60,000 to $100,000. Potential list prices for the completed townhomes could range from $350,000 to $490,000 depending on size, finishes, and upgrades based on similar-sized townhome sales nearby.
