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909 Chestnut St
Saint Louis, MO 63101
1.5MM SF Historic Redevelopment Opportunity · Office Property For Sale
Investment Highlights
- Iconic 1.5MM SF tower centrally located in Downtown St. Louis offered at an extreme discount to replacement cost and primed for redevelopment.
- Located in an Opportunity Zone, offering significant tax benefits to new ownership.
- The building has been impeccably maintained by its prior owner-occupier, AT&T, and current ownership.
- $80M+ in State and Federal Historic Tax Credits are available towards a redevelopment plan.
- Column-free, rectangular floor plans allow for easy conversion to multifamily, hospitality, and other uses.
- Extensive city and state support for a redevelopment of the building. Prior redevelopment plan was approved for a 15-year tax abatement.
Property Facts
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Building Size
1,461,274 SF
Building Class
B
Year Built
1985
Percent Leased
Vacant
Tenancy
Multiple
Building Height
44 Stories
Typical Floor Size
32,609 SF
Building FAR
20.78
Lot Size
1.61 AC
Parcel Numbers
Zoning
I-CBD - Central Business District
Parking
80 Spaces (0.05 Spaces per 1,000 SF Leased)
Amenities
- Atrium
- Conferencing Facility
- Courtyard
- Food Service
- Metro/Subway
- Restaurant
- Security System
- Signage
- Secure Storage
- Wi-Fi
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