5951 & 5959 Delmar Blvd.
Special Purpose | 15,750 SqFt
Marketing description
CBRE, as the exclusive investment advisor and broker, is delighted to present 5951 & 5959 Delmar Boulevard (the "Property"), for sale. This single-tenant property, located in the vibrant Delmar Loop, and features one 15,750 sq. ft. building. Currently, the property is occupied by one tenant, St. Louis ArtWorks, with a lease extending through 2028 with one remaining three-year renewal option.
With 0.72 acres available, 5951 & 5959 Delmar Blvd. is ideally suited for an investment property or multifamily, hotel, senior living, or mixed-use space redevelopment.
5951 & 5959 Delmar Blvd. boasts an exceptional location in the Delmar Loop, just east of Skinker Blvd. on Delmar Blvd. and one mile from Washington University of St. Louis (Wash U). This lively entertainment district is renowned for its eclectic blend of live music, dining, shopping, and activities.
Investment highlights
- 0.72-acre lot ideal for redevelopment.
- Currently occupied by one tenant, offering stability and potential for adaptive reuse.
- One-mile to Washington University in St. Louis.
- Prime for multifamily, hotel, senior living, or mixed-use space redevelopment.
- High visibility on Delmar Blvd., near Skinker Blvd., ensuring excellent retail exposure.
- Walkable to a Metrolink station and just 2.2 miles to I-64.
- Strong one-mile demographics: $106,256 Average Household Income, $398,827 Average Home Value.
- Located in the heart of the Delmar Loop, a bustling area renowned for its diverse array of live music venues, unique dining experiences, boutique shopping, and vibrant nightlife.
- Adjacent to Forest Park and the Central West End neighborhood.
- 2.5 miles from Barnes-Jewish Hospital (BJC), the largest and most prestigious hospital in Missouri, and five miles from Saint Louis University Hospital.
- Under three miles from Downtown Clayton's vibrant central business district.
- High barrier to entry market for new development product due to limited land availability.
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