$392,000

Multi-Family Townhome Development Opportunity in DeBaliviere Place Surrounded by ongoing redevelopment and new construction activity, this portfolio of 16 fully improved lots offers a rare chance to deliver a new townhome community in one of St. Louis’ most sought-after neighborhoods. Four brand-new townhomes have recently been completed within the development, demonstrating buyer demand and neighborhood momentum. The available 16 lots are part of the 40 lot Delmar Place Townhome Association. The private, gated community is adjacent to the historic mansions of Washington Terrace and is located just a few blocks from Forest Park and the Central West End. With existing utility connections (water, sewer, electric), completed streets, and secure gated access, the site is ready for immediate development. Each lot is zoned “E” for multi-family residential and already has City of St. Louis approval for luxury townhomes. Based on nearby sales of comparable townhomes, projected list prices for completed units range from $350,000 to $490,000, depending on size, finishes, and upgrades.