Knickerbocker Retail
Prime Washington Ave retail in dense Loft District near City Museum & hotels
Marketing description
Value-Add Retail Condos in the Heart of the Washington Avenue Loft District
Three strong local tenants in place — plus a recently vacated suite that's your upside. This ~10,400 SF mixed-use retail condo package in Downtown St. Louis's fast-growing Washington Avenue Loft District is offered at $1,475,000 — recently reduced from $1,600,000 — roughly a 4.8% cap in place today, with a clear path to ~13% stabilized once the vacant space leases.
In-place tenants:
- Social Treats — snack & smoke-accessories shop (@social.treats.stl)
- ARtistt Image Consulting — barbershop & image studio (@artisttimageconsultingstl)
- St. Louis Tattoo Shop — tattoo studio at 1304 Washington
The upside: the building was fully leased until recently — a 5,460 SF suite (including mezzanine) just came available and is now listed for lease at $5,800/mo + NNN. It can be subdivided into two spaces, with a separate ATM/signage space also available. Lease it up and NOI climbs from ~$70K to ~$192K, lifting the cap to ~13%.
Surrounded by nonstop development — thousands of lofts, acclaimed restaurants, and four new hotels within blocks. The historic Jefferson Arms redevelopment is one block away, and Energizer Park (home of St. Louis CITY SC) is minutes away. A rare value-add play in the middle of Downtown's renaissance.
Investment highlights
- Offered at $1,475,000 — recently reduced from $1.6M
- ~5% cap in place, ~13% stabilized
- In-place NOI ~$70K → ~$192K once the vacant suite leases
- Fully leased until recently — fresh single vacancy, lease-up already underway
- Three tenants in place: Social Treats, ARtistt Image Consulting, St. Louis Tattoo Shop
- Upside: 5,460 SF suite (incl. mezzanine) at $5,800/mo + NNN — subdividable into two spaces
- Separate ATM/signage space ($500–$1,250/mo)
- ~10,400 SF mixed-use retail condos, 1300–1304 Washington
- Heart of the Loft District — restaurants, nightlife, 1,000s of lofts
- Four new hotels within blocks; Jefferson Arms one block away
- Minutes from Energizer Park (St. Louis CITY SC)
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