Downtown St. Louis Airbnb/Office Building

1108 Olive St Olive Street St. Louis, MO 63101

1108 Olive St Olive Street , St. Louis, MO, 63101
1108 Olive St Olive Street , St. Louis, MO, 63101 1108 Olive St Olive Street , St. Louis, MO, 63101 1108 Olive St Olive Street , St. Louis, MO, 63101 1108 Olive St Olive Street , St. Louis, MO, 63101 1108 Olive St Olive Street , St. Louis, MO, 63101 1108 Olive St Olive Street , St. Louis, MO, 63101 1108 Olive St Olive Street , St. Louis, MO, 63101 1108 Olive St Olive Street , St. Louis, MO, 63101 1108 Olive St Olive Street , St. Louis, MO, 63101
FOR SALE
Property Type:
Multi Tenant Office
Amount:
$1,054,080
Cap Rate:
0.00%
Last Verified:
May 15, 2025

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The Palace of Versailles Airbnb at 1108 Olive is an extraordinary find in Downtown St. Louis. This 17,280-square-foot, five-story building, constructed in 1912, has been recently transformed into an Airbnb by renowned designer Mark Pitliangas of Antique Architectural Deco. He has recreated the opulence of the Palace of Versailles right here in St. Louis, incorporating distinctive design elements that are sure to captivate guests. The spacious entrance lobby, measuring 48 feet by 24 feet, features 17-foot ceilings and is ornately decorated in the French Baroque style. The Airbnb units range from a 1,100-square-foot, ground-floor three-bedroom unit to a magnificent 5,760-square-foot penthouse located on the fifth and sixth floors. The penthouse includes a 9-foot by 27-foot front balcony showcasing Pitliangas's unique vision. There are five lavish rental units, each fully furnished and equipped with full kitchens, bathrooms, and other amenities. Programmable locks ensure secure access to the building, rooms, and elevator for tenants. This presents a turnkey opportunity to own and manage a distinctive Airbnb in Downtown St. Louis. The property is conveniently located near various parking options and is just a short walk from restaurants, shops, sporting venues, the convention center, hotels, and more.

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Map of 1108 Olive St Olive Street , St. Louis, MO, 63101

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.