12-14 North Newstead Avenue
CWE Redevelopment Opportunity | Large Parking Lot | Tax Credits Available
Marketing description
Salient Realty Group is pleased to offer 12-14 North Newstead Avenue to the market. This turn of the century former police station is one of the very last historic redevelopment opportunities in St. Louis’ most illustrious neighborhood: The Central West End. Newstead holds a place on the National Register of Historic Places and is eligible for Federal and State Historic Tax Credits. Concept plans are available to add apartments in the huge attic, bringing the total building area to +/- 15,000 square feet.
Included in the sale is a half-acre + parking lot furthering Newstead’s status as a one of a kind redevelopment opportunity. Parking in CWE is very limited; so having this lot behind the building is very valuable and rare. With this size of lot, there is also potential to add a building or an expansion behind the property as well.
Please reach out to the brokers for more information or to set up a tour. Survey and plans are available upon request.
Investment highlights
11,800 SF Two-Story Building
Large Parking Lot Included: Potential for New Construction/Expansion
Premier CWE Location
Historic Tax Credits Eligible
Potential to Utilize 3rd Floor Attic to Increase GBA
Multiple redevelopment options: Apartment Concept Plans Available
Newer roof
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