$449,750

5960 Dr Martin Luther King

St Louis MO, 63112

Description

Unlimited Opportunities abound in this commercially zoned property on Dr Martin Luther King Dr. The 3-story 27,000 SF full masonry structure is situated on 2-land parcels approximately .38 aces. The property is surrounded by other properties owned by the LRA creating the opportunity for business expansion. Over $1,000,000 in improvements were made in 2008 to redevelop the property as a Night Club with an occupancy capacity of 1070 patrons. This was one of the premier Night Clubs in St. Louis occupying 14,700 square feet on the first floor, Lower Level, and Mezzanine of the building. The building sale may include all of the tenants finishes as a Night Club, including the sound systems, lights, TVs, seating, and much more. The city has paved, strip, and lighted a 200 car parking lot across the street from this property for its use. Virtually the entire city block can be acquired for business expansion with the LRA currently owning the majority of the property.

Details

MLS#20006437
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1923
Days On Site263

Features

SQ Feet27,000
Story(s)3
ZoningG-Local Commercial and Office

Market Activity 63112

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Area Information
StateMO
CountySt Louis City
CitySt Louis
Zip Code63112
AreaCentral West
Listing VS Median (in 63112)
Price:
$449,750
low | high
Med:
$67,500
100% of Average
SqFt:
27,000
low | high
Med:
2,577
100% of Average
$ / SqFt:
$17
low | high
Med:
$26
7.942375839083% of Average
On Site:
263
low | high
Med:
48
100% of Average
Listing Updated: 10/19/2020
Hal Hanstein LogoMLS Number: 20006437
Listing Provided By:
Hal Hanstein  of  Cardinal Realty Group