2101 & 2201 Delmar City Blocks

DOWNTOWN WEST has seen an explosion of activity in the past few years. Most notably, a new Major League Soccer Stadium has been built one block from the subject property. This has been a major draw for development and for new businesses flocking to the area. Even before the stadium was announced, many businesses decided to move into the area, such as Twain Financial Partners, who redeveloped the property at 20th and Washington Avenue as their new headquarters. Multiple apartment redevelopments have been successfully completed – Monogram on Washington, Adler Annex, the Lofts at the HUPP, the Beatrice, and multiple others. Development/redevelopment opportunities have become increasingly rare in the area. In addition to all of this, just to the North of the neighborhood is the new headquarters for the National Geospatial Agency. This Federal project is underway and has a projected cost of $1.75 Billion. The Agency currently has 3,000+ high paying jobs and that number is expected to increase over the next few years.Salient Realty Group is pleased to exclusively offer this investment/development/redevelopment opportunity for sale. This is an incredibly rare opportunity to purchase two adjoining city blocks in the central corridor of St. Louis City. The 2101 Delmar Block is comprised of vacant land. Each block may be purchased individually. Very few prime parcels are left undeveloped in the area. The subject properties are close to the new MLS Stadium ($457MM) as well as the new NGA facility ($1.75B & 3,000+ Federal Employees). In addition, an incredible amount of development activity is taking place all around the property in the Downtown & Downtown West area. The existing buildings on the 2201 Delmar Block total approximately 92,000 SF of building area. It also has a single tenant (absolute NNN lease) across the total building area of 92,000 SF and $308,000 of NOI through 3/31/25. The tenant has given notice it will be vacating and not renewing. The properties offer multiple development/redevelopment strategies – multifamily, industrial, office, retail, hospitality, and mixed-use are all viable options. The total acreage is +/-5.33 AC or +/-2.66 AC per City Block. +/-2.22 AC directly to the South is also separately available – contact brokers for information.