3416 Delmar Ct St St. Louis, MO 63112

This exceptional 0.52-acre property in St. Louis, Missouri (APN 5620-00-0049-0), presents a unique investment opportunity. Comprising sixteen individual lots within a private, gated community in the desirable DeBaliviere Place neighborhood, this land offers unparalleled potential. Each lot is zoned "E" for multi-family residential use, with city approval already secured for luxury townhomes. The development boasts fully installed utilities (water, sewer, electric), newly constructed streets, and gated access. Four new townhomes are currently under construction within the development, showcasing the immediate potential for high-end residential construction. The location is highly desirable, situated near the Central West End and approximately five blocks from Forest Park. The surrounding area is experiencing significant redevelopment, further enhancing the property's value. Comparable lots without utilities in the area have recently sold for $60,000 to $100,000, indicating strong market demand. Projected list prices for completed townhomes range from $350,000 to $490,000, based on recent sales of similar properties. This is a prime opportunity to capitalize on the thriving St. Louis real estate market. The asking price for the entire development is $696,000.