Historic Fairground Park Hotel Commercial Space

3640 Natural Bridge Ave Natural Bridge Avenue St. Louis, MO 63107

3640 Natural Bridge Ave Natural Bridge Avenue , St. Louis, MO, 63107
Fair Ground Park Building
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FOR LEASE
Property Type:
Street Retail
Amount:
Please Call Broker for Price

Cap Rate:
0.00%
Last Verified:
Sep 11, 2024

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This is an excellent opportunity to locate your business in a professionally managed building. The Fairgrounds Hotel Building is an 8-story Historic Building constructed in 1927 and is on the National Register. The property is currently operated as the Fairgrounds Park Place Apartments, with 71 one- and two-bedroom apartments and ground-floor commercial spaces. The Fairgrounds Park Apartment Building is located at the intersection of Natural Bridge Ave and North Spring Ave. There is plenty of curbside and off-street parking available. Currently, there are two retail/office spaces available. Both spaces are accessible by private entrances from the Spring Ave side of the building. This is a great location; depending on what you are selling or the service you provide, you already have a built-in clientele with the residents in the building. Our current tenants include a mix of retail and service businesses, creating a vibrant community within the building. This part of North St. Louis is experiencing great growth and improvements, with the improvements being made on N. Grand with the Great Rivers Brickline Greenway and the planned St. Louis Metrolink Green Line spurring economic development and making N. St. Louis City is more attractive to residents and businesses. In 2023, the City of St. Louis awarded the Jeff Vander-Lou Neighborhood $2,680,000 in NOFA Awards for Neighborhood improvements. On June 24, 2024, the City of St. Louis Community Development Administration (CDA) announced $3.7 million in Neighborhood Transformation Grants. Few choices in the North City Market have quality retail or office space available, and this property provides a quality location for your business.

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Map of 3640 Natural Bridge Ave Natural Bridge Avenue , St. Louis, MO, 63107

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.