Large lot in Soulard/LaSalle Park
Land | 37,461.6 SqFt
Marketing description
942–946 Hickory St. presents a rare chance to acquire a well-located land parcel ideal for a townhouse investment development in one of the city’s most promising neighborhoods. Situated just minutes from downtown, major employment hubs, and vibrant retail and dining corridors, this property offers both convenience and long-term growth potential.
Lot Size & Zoning: Ample space to accommodate a multi-unit townhouse project, with favorable zoning that supports medium-density residential development.
Strategic Location: Nestled in a transitioning area experiencing strong demand for new housing, making it highly attractive to both investors and end buyers.
Connectivity: Easy access to major highways, public transportation, and nearby green spaces enhances resident appeal.
Investment Appeal: Strong rental market fundamentals and rising property values ensure solid returns for developers and long-term investors.
Whether you are looking to build and sell modern townhomes or hold for rental income, 942–946 Hickory St. is a turnkey development opportunity positioned to capture today’s demand for urban living.
Investment highlights
Proximity to Arch Grounds & Laclede’s Landing gives walkability, views, tourism, and demand from renters / buyers drawn to city-center living.
Demand for Boutique, High-Quality Townhomes downtown is up: renters are willing to pay for modern finishes, low maintenance, and amenities.
Low Inventory of Large, Developable Lots near major attractions: The scarcity increases land value and gives pricing leverage.
Land Value Premium in St. Louis City Residential land in St. Louis City has one of the highest per-acre values in Missouri, nearing $427,100/acre for prime locations. Prime Land Buyers This underscores the elevated value of parcels like 942-946 Hickory St. in or near Downtown / Arch area.
Recent Market Growth St. Louis City home prices are up ~9.3% year-over-year. Redfin Suggests strong upward momentum—favorable for developers buying now.
Total projects proposed, under construction or in planning ~ $3.8 billion in the ~2.9 square mile area of Downtown & Downtown West.
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