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    2301-2303 Lemp Ave St St. Louis, MO 63104

    Sponsored
    For Sale
    $1,560,000

    St. Louis Warehouse - 130,000 SF - Redevelopment Potential

    Property size:
    130,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 130,000 square foot warehouse, located at 2301-2303 Lemp Avenue in St. Louis, Missouri, presents a phenomenal redevelopment opportunity. Priced at $1,560,000 ($12 per square foot), this property boasts significant architectural character and is ideally situated adjacent to the vibrant Soulard neighborhood. The J Industrial zoning allows for a wide range of potential uses. The building's prime location offers excellent highway access to both I-44 and I-55, ensuring convenient transportation links. Given its historical significance, the property may qualify for historic tax credits, presenting a compelling financial incentive for redevelopment projects. This substantial warehouse offers a unique chance to acquire a large-scale property in a desirable and rapidly developing area of St. Louis, within the 63104 zip code. The property's size and location make it an attractive investment for developers seeking a high-impact project with significant upside potential. Detailed property information and zoning details are available upon request.

    Property Features for 2301-2303 Lemp Ave St

    General Information

    Property type
    Distribution properties
    Square Feet
    130,000 SF

    HighLights

    • Exceptional Redevelopment Potential.
    • Eligible for Historic Tax Credits.
    • Architecturally Significant Building.
    • Prime Location.
    • Adjacent to the desirable Soulard neighborhood.
    • Excellent highway access via I‑44 and I‑55.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    St. Louis
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.2150431
    Latitude
    38.6064746

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    FAQs

    What type of property is this?
    Distribution property - St. Louis Warehouse - 130,000 SF - Redevelopment Potential
    Where is this distribution property located?
    The property is located at 2301-2303 Lemp Ave St St. Louis, MO.
    What is the asking price?
    The asking price for this property is $1,560,000.
    What are key features of this property?
    This property features: Exceptional Redevelopment Potential.; Eligible for Historic Tax Credits.; Architecturally Significant Building.
    Request Owner's contact information
    2301-2303 Lemp Ave St St. Louis, MO 63104
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2301-2303 Lemp Ave St St. Louis, MO 63104
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