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3853 Forest Park Avenue - Commercial Real Estate Flyer

3853 Forest Park Avenue - Commercial Real Estate Flyer

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Published by nextSTL.com
3853 Forest Park Avenue - Commercial Real Estate Flyer
3853 Forest Park Avenue - Commercial Real Estate Flyer

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Published by: nextSTL.com on Jun 19, 2013
Copyright:Attribution Non-commercial

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07/31/2013

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offering summary :: 
redevelopment opportunity 
saint louis, missouri 63108
3853 FOREST PARK AVENUE
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the offering
The property at 3853 Forest Park Avenue is anapproximately 1.97 acre site that represents an incredibleopportunity to redevelop a site that is located in closeproximity to the campus of Saint Louis University.
property details
Total Land Area: 1.97 acres (85,610 SF)Frontage: Approximately 469 feet on ForestPark AveApproximately 182 feet on Vandeventer Ave Zoning: J-City of St. Louis Access: Forest Park Avenue & Vandeventer AvenueSale Price: $5,000,000
existing building
Primary Building: 11,100 SF - Exterior express carwash with fuel pump island(Please do not disturb car washemployees)
submarket overview
The St. Louis metropolitan area covers easternMissouri and parts of southwest Illinois and hasa total population of more than 2.8 millionpeople, making it the 18th largest metro areain the country. Its location in the heart of theUnited States makes it a top shipping andlogistics destination. The St. Louis region ispoised for growth with the downtown areaincreasing its focus on redevelopment.
m s
Located near the Central West Endneighborhood, and close to the Midtown Arts and Entertainment District, 3853 ForestPark Avenue also offers access to one of thecountry’s largest in-city parks, the two largestuniversities in the city, the biotech corridor andthe largest employer in the state. Additional nearby amenities include some ofthe area’s finest restaurants, a cinema, thesymphony, the theater district, museums andspecialty stores.
•
 Within 1.3 miles of the 1,400-acre ForestPark, which includes museums, a world-class zoo, the Municipal Theater and DwightDavis Tennis Center. Other park activitiesinclude two golf courses, handball courts,tennis courts, ice skating and numerouslakes and water features
•
 Walking distance from the MetroLink trainand bus lines
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Near the Cortex/Center for EmergingTechnologies biotech research corridor,slated to add up to 25,000 new jobs within20 years
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Near Barnes Jewish Children’s Hospitalcomplex, the largest employer in the state
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The submarket is less likely to see majoreconomic downturns, as its majorbusinesses are health care, education andbiotechnology, which are typically morerecession-resistant
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Central West End has the highest retailoccupancy in the St. Louis Metro area
© 2012 Cbre, ic.
property highlights
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High visibility along primary east-west arterial roadway 
•Strongdemographicprofle•
Established retail trade location
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Quick access to I-64/40
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Excellent location close to Saint Louis University andapproximately 3 miles from Washington University 
•
Founded in 1818, Saint Louis University has a studentpopulation of over 13,200 and an academic staff of over3,300
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Close to the Grand Center area, which has 12,000 theaterseats within four blocks, 12 galleries and museums, andover 1.3 million visitors to more than 1,500 cultural eventseach year
•
Located within the CORTEX biotech development corridor
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Close to the BJC hospital complex, which is the largestemployer in the state
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Convenient to shopping and restaurants
N
SAINT LOUISUNIVERSITY 
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64
40
SITE
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2011 dc p1 mr3 mr5 mr
Population13,448166,381370,026Households5,74170,730154,423Median Household Income$17,586$29,105$32,359 Average Household Income$35,126$43,289$46,615Median Age31.0934.1434.44Daytime Employment
21,915 171,629 242,337
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Student housing
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Multi-family 
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Senior housing
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Retail
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Institutional, biotechnology 
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Hotel/motel
possible uses

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