5400-5406 Delmar Ct 0.2 Acres of Residential Land Offered at $98,000 in Saint Louis, MO 63112

This multi-family townhome development opportunity offers a rare chance to deliver new construction in the highly desirable DeBaliviere Place neighborhood. The offering includes 12 fully improved lots within the Delmar Place Townhome Association, an established community benefiting from active redevelopment and strong buyer demand. Four newly completed townhomes within the development highlight current market momentum and validate absorption potential. 4 lots have been developed, 4 are under contract to be purchased.
The private, gated community is positioned adjacent to the historic homes of Washington Terrace and is located just minutes from Forest Park and the Central West End. Completed streets, gated access, and existing utility connections—including water, sewer, and electric—support a streamlined path to development.
Each lot is zoned “E” for multi-family residential and already approved by the City of St. Louis for luxury townhome construction. Based on recent comparable sales in the surrounding area, projected pricing for finished units ranges from $350,000 to $490,000, depending on size, design, and finish level.
With approvals in place and infrastructure completed, this opportunity is well-suited for developers seeking a prime infill project in a high-demand submarket.