1700 Olive Street
Multifamily
Marketing description
CBRE, as exclusive investment advisor and broker, is pleased to offer for sale 1700 Olive Street (the "Property"), a historic building currently configured for office use and primed for adaptive reuse. Built in 1918, the Property presents a compelling redevelopment opportunity supported by eligibility for federal and state historic tax credits, making it well-suited for office, multifamily, or mixed-use conversion.
Located in St. Louis' rapidly evolving Downtown West neighborhood, the Property benefits from an irreplaceable urban location surrounded by significant public and private investment. The Property is within walking distance of Energizer Park, home to St. Louis CITY SC, and just three blocks from St. Louis Union Station, a major destination for entertainment, dining, and tourism. Additionally, the Property offers convenient access to the NGA West campus, a major regional employment anchor driving ongoing redevelopment and demand in the area. Positioned directly across from the $130 million Butler Brothers Building redevelopment (The Victor Apartments) and near key civic infrastructure, 1700 Olive Street is ideally situated to capitalize on the continued growth and transformation of Downtown West.
Investment highlights
- Ideally suited for multifamily, hotel, senior living, boutique office, or mixed-use space redevelopment.
- Situated in the rapidly growing Downtown West neighborhood, an area experiencing significant public and private investment.
- Positioned directly across Olive Street from the $130 million, 735,000-square-foot Butler Brothers mixed-use redevelopment (The Victor), the property sits within a rapidly evolving corridor marked by significant reinvestment and revitalization. The recently completed redevelopment has accelerated this transformation, introducing modern residential units, coworking space, and activated street-level retail that enhance walkability and neighborhood energy—strengthening long-term value and elevating the area's overall appeal.
- Located just three blocks from Energizer Park (home to St. Louis CITY SC) and three blocks northeast of St. Louis Union Station, placing the property in the heart of a high-traffic area driven by sports, tourism, dining, and entertainment.
- Convenient access to the National Geospatial-Intelligence Agency (NGA) West campus, a major regional employment anchor fueling ongoing redevelopment demand
- Direct access to MetroBus service along Olive Street, with nearby stops providing connectivity throughout the St. Louis region
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