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1108 Olive St
Saint Louis, MO 63101
Versailles Building · Office Property For Sale
INVESTMENT HIGHLIGHTS
- • Turn-Key Airbnb
- • 17,280 SF, 6-story Building
- Elevator-served building
- • Located in downtown St. Louis
- • 5 Airbnb units, 1,100 SF - 5,760 SF
- • Expertly crafted interior design
EXECUTIVE SUMMARY
The Palace of Versailles Airbnb at 1108 Olive is a remarkable find in Downtown St. Louis. This 17,280 SF, 5-story building, constructed in 1912, has been recently renovated into an Airbnb by the renowned designer, Mark Pitliangas of Antique Architectural Deco. He has recreated the opulence of the Palace of Versailles here in St. Louis, infusing distinctive design elements that are sure to intrigue. The spacious entrance lobby, measuring 48’ x 24’ with 17-foot ceilings, is ornately decorated in the French Baroque style. The Airbnb units range from a 1100 SF ground-floor 3-bedroom unit to a 5th and 6th-floor 5,760 SF penthouse with a 9' x 27’ front balcony, showcasing his unique vision. There are five lavish rental units, each fully furnished and equipped with full kitchens, baths, and more. Programmable locks for access to the building, rooms, and elevator provide security for the tenants. This represents a turn-key opportunity to own and manage a distinctive Airbnb in Downtown St. Louis.
The property is conveniently located adjacent to numerous parking options and is just a short walk from restaurants, shops, sporting venues, the convention center, hotels, and more.
The property is conveniently located adjacent to numerous parking options and is just a short walk from restaurants, shops, sporting venues, the convention center, hotels, and more.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
17,280 SF
Building Class
C
Year Built
1925
Price
$1,054,080
Price Per SF
$61
Percent Leased
100%
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
2,880 SF
Slab To Slab
8’
Building FAR
5.67
Lot Size
0.07 AC
Opportunity Zone
Yes
Zoning
I - Most retail/office uses permitted—limited industrial uses.
AMENITIES
- 24 Hour Access
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 0503-00-0050-0 | Improvements Assessment | $140,600 |
| Land Assessment | $22,700 | Total Assessment | $163,300 |
PROPERTY TAXES
Parcel Number
0503-00-0050-0
Land Assessment
$22,700
Improvements Assessment
$140,600
Total Assessment
$163,300
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