LAND REUTILIZATION AUTHORITY (LRA)
PRICING POLICY

Side Lots

• The definition of a Side Lot is vacant land up to 25 front feet, except if the property is not deep enough for structural development in compliance with the Building Code of the City of St. Louis, Missouri.
• The Side Lot price will be per front foot as stated on the attached neighborhood list. This price represents one-half of the standard price formulated by neighborhood.
• Vacant land considered to be a Side Lot will be sold at side lot pricing only to residential owner occupants adjacent to the side lot..

Small Parcels of Vacant Land

• The definition of a small parcel is vacant land consisting of less than an acre.
• The attached list of St. Louis City Neighborhoods provides the Standard price per square foot for Vacant Land for each neighborhood.
• Due to the unique circumstances involving commercial, industrial, and riverfront property, parcels east of Broadway will require an appraisal, except for typical residential property.
• Small Parcels of Vacant Land that will be used to build single family homes will be sold for the new construction front footage prices stated on the attached neighborhood list.

Large Parcels of Vacant Land

• The definition of a large parcel is vacant land consisting of one acre or more
• The attached list of St. Louis City Neighborhoods provides the Standard price per square foot for Vacant Land for each neighborhood.
• Due to the unique circumstances involving commercial, industrial, and riverfront property, parcels east of Broadway will require an appraisal, except for typical residential property.
• When the Real Estate staff believes that the price per square foot is inconsistent with the true market value of the property, LRA may elect to base the price on an appraisal performed specifically for the site.
• Large Parcels of Vacant Land that will be used to build single family homes will be sold for the new construction front footage price as stated on the attached neighborhood list.

Vacant and Vandalized Residential Buildings

• The attached list of St. Louis City Neighborhoods provides the Standard price per unit for Vacant and Vandalized Residential Buildings.
• Occupied residential buildings, or buildings suitable for occupancy, will be priced based on appraisals.

Large Buildings

• Large Buildings will be individually priced.
• LRA may elect to base the price on an appraisal performed specifically for the site.

Non-Profit Organization

• Property being acquired by a non-profit organization, that is to have a non-profit end use or a strong public purpose end use, may be sold for one-half the Standard price of that neighborhood.

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 Standard Price List

Minimum suggested prices for buildings and land are figured by Neighborhood (listed under the property address in property list).

Also see the map of minimum suggested prices by neighborhood

  >> The Vacant and Vandalized Residential Building per-unit rate (VVRB) is used to price buildings;
  >> Land is priced at a square foot value.

Purchasing Property Home


This Page Last Modified: Monday, 19-Nov-2007 16:42:14 CST

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