Santa Ana Apartments — Sale in Saint Ann, MO

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Saint Ann, MO 63074

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Description

169-Unit Redevelopment Opportunity in St. Louis MSA | Santa Ana Apartments Santa Ana Apartments was most recently an LIHTC senior-designated multifamily property featuring 169 units and is currently vacant and ready for redevelopment. The property was built in 1972 and contains 124,290 square feet in a 14-story elevator served building on a 1.76 acre lot. This asset provides an exceptional opportunity for investors and developers alike to develop the property to it‘s highest and best use. Santa Ana Apartments offers a rare combination of scale, an existing footprint, and a strategic location that supports a range of reconfiguration opportunities. The property‘s vacant status allows for an immediate redevelopment. Its previous use as an affordable multifamily complex suggests a strong underlying need for accessible housing in the area, offering a compelling opportunity to reintroduce or re-envision a vital community asset. Potential redevelopment uses are vast, and could include multifamily, senior living and behavioral health. Former property features include controlled access, a community room, fitness center, laundry facilities and 69 off-street parking spaces. Santa Ana Apartments is being sold unpriced. A call for offers date will be announced during marketing.

Market Context

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