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VAN DEV EN
ST PA RK A VE
3853 FOREST PARK AVENUE
S a i n t lo u i s, m i s s o u r i 6 3 1 0 8
: : R e d e v e l o p m e n t
The Offering The property at 3853 Forest Park Avenue is an approximately 1.97 acre site that represents an incredible opportunity to redevelop a site that is located in close proximity to the campus of Saint Louis University. Possible uses • Student housing • Multi-family • Senior housing • Retail • Institutional, biotechnology • Hotel/motel
P r o p e r t y d e ta i l s Total Land Area: 1.97 acres (85,610 SF) Frontage: Approximately 469 feet on Forest Park Ave Approximately 182 feet on Vandeventer Ave Zoning: J-City of St. Louis Access: Forest Park Avenue & Vandeventer Avenue Sale Price: $5,000,000
P r o p e r t y HIGHLIGHTS • High visibility along primary east-west arterial roadway • Strong demographic profile • Established retail trade location • Quick access to I-64/40 • Excellent location close to Saint Louis University and approximately 3 miles from Washington University • Founded in 1818, Saint Louis University has a student population of over 13,200 and an academic staff of over 3,300 • Close to the Grand Center area, which has 12,000 theater seats within four blocks, 12 galleries and museums, and over 1.3 million visitors to more than 1,500 cultural events each year • Located within the CORTEX biotech development corridor • Close to the BJC hospital complex, which is the largest employer in the state • Convenient to shopping and restaurants
Submarket overview The St. Louis metropolitan area covers eastern Missouri and parts of southwest Illinois and has a total population of more than 2.8 million people, making it the 18th largest metro area in the country. Its location in the heart of the United States makes it a top shipping and logistics destination. The St. Louis region is poised for growth with the downtown area increasing its focus on redevelopment. Midtown Submarket Located near the Central West End neighborhood, and close to the Midtown Arts and Entertainment District, 3853 Forest Park Avenue also offers access to one of the country’s largest in-city parks, the two largest universities in the city, the biotech corridor and the largest employer in the state. Additional nearby amenities include some of the area’s finest restaurants, a cinema, the symphony, the theater district, museums and specialty stores. • Within 1.3 miles of the 1,400-acre Forest Park, which includes museums, a worldclass zoo, the Municipal Theater and Dwight Davis Tennis Center. Other park activities include two golf courses, handball courts, tennis courts, ice skating and numerous lakes and water features Walking distance from the MetroLink train and bus lines Near the Cortex/Center for Emerging Technologies biotech research corridor, slated to add up to 25,000 new jobs within 20 years Near Barnes Jewish Children’s Hospital complex, the largest employer in the state The submarket is less likely to see major economic downturns, as its major businesses are health care, education and biotechnology, which are typically more recession-resistant Central West End has the highest retail occupancy in the St. Louis Metro area
Existing building Primary Building: 11,100 SF - Exterior express car wash with fuel pump island (Please do not disturb car wash employees) 1 Mile Radius 13,448 5,741 $17,586 $35,126 31.09 21,915 3 Mile Radius 166,381 70,730 $29,105 $43,289 34.14 171,629 5 Mile Radius 370,026 154,423 $32,359 $46,615 34.44 242,337
2011 Demographic Profile Population Households Median Household Income Average Household Income Median Age Daytime Employment
SAINT LOUIS UNIVERSITY
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ST PA RK A VE
© 2012 CBRE, Inc.
For more information, please contact:
: : Mark E. McNulty Vice President 314.655.6022 email@example.com
© 2012 CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.