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1700 Olive St
Saint Louis, MO 63103
Henschel Bldg · Office Property For Sale
Investment Highlights
- Flexible redevelopment opportunity for multifamily, hotel, senior living, office, or mixed-use
- Across from the $130M Butler Brothers redevelopment (The Victor), driving revitalization and increasing area appeal
- Close to NGA West campus, a key employment hub supporting ongoing demand
- Prime location in Downtown West, a high-growth area seeing major public and private investment
- Near major attractions: 3 blocks to Energizer Park and close to Union Station, in a high-traffic entertainment district
- Strong transit access via MetroBus along Olive Street
Executive Summary
CBRE, as exclusive investment advisor and broker, is pleased to offer for sale 1700 Olive Street (the “Property”), a historic building currently configured for office use and primed for adaptive reuse. Built in 1918, the Property presents a compelling redevelopment opportunity supported by eligibility for federal and state historic tax credits, making it well-suited for office, multifamily, or mixed-use conversion.
Located in St. Louis’ rapidly evolving Downtown West neighborhood, the Property benefits from an irreplaceable urban location surrounded by significant public and private investment. The Property is within walking distance of Energizer Park, home to St. Louis CITY SC, and just three blocks from St. Louis Union Station, a major destination for entertainment, dining, and tourism. Additionally, the Property offers convenient access to the NGA West campus, a major regional employment anchor driving ongoing redevelopment and demand in the area. Positioned directly across from the $130 million Butler Brothers Building redevelopment (The Victor Apartments) and near key civic infrastructure, 1700 Olive Street is ideally situated to capitalize on the continued growth and transformation of Downtown West.
Located in St. Louis’ rapidly evolving Downtown West neighborhood, the Property benefits from an irreplaceable urban location surrounded by significant public and private investment. The Property is within walking distance of Energizer Park, home to St. Louis CITY SC, and just three blocks from St. Louis Union Station, a major destination for entertainment, dining, and tourism. Additionally, the Property offers convenient access to the NGA West campus, a major regional employment anchor driving ongoing redevelopment and demand in the area. Positioned directly across from the $130 million Butler Brothers Building redevelopment (The Victor Apartments) and near key civic infrastructure, 1700 Olive Street is ideally situated to capitalize on the continued growth and transformation of Downtown West.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Office
Building Size
38,640 SF
Building Class
C
Year Built
1905
Price
$1,383,319 CAD
Price Per SF
$35.80 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
7 Stories
Typical Floor Size
5,520 SF
Slab To Slab
8’
Building FAR
6.34
Lot Size
0.14 AC
Zoning
I - Central Business District
Parking
30 Spaces (0.78 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
Property Taxes
| Parcel Number | 0509-00-0050-0 | Improvements Assessment | $160,437 CAD |
| Land Assessment | $54,499 CAD | Total Assessment | $214,936 CAD |
Property Taxes
Parcel Number
0509-00-0050-0
Land Assessment
$54,499 CAD
Improvements Assessment
$160,437 CAD
Total Assessment
$214,936 CAD
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