1401 Dr Martin Luther King Dr St St. Louis, MO 63106
This exceptional 6,200-square-foot medical/office building, situated on a prominent corner lot in St. Louis' Downtown West submarket, presents a unique investment opportunity. Built in 2001, the Class B property boasts a single-tenant configuration, offering 16 private offices, ample reception and conference areas, substantial storage rooms, and four ADA-compliant restrooms. The building is fully equipped with heavy power, originally installed to accommodate X-ray equipment, and convenient plumbing access in nearly every room via access panels. Parking is abundant with 38 spaces available in a private lot. An additional 0.68 acres of fenced land directly north of the building provides potential for expansion, additional parking, or outdoor storage. The strategic corner location at 1401 Dr. Martin Luther King Dr, with cross-street access on 14th Street, ensures excellent visibility and accessibility via signalized intersections. The full-service asking price is $12 per square foot. This versatile space is ideal for a variety of medical or office uses. The property is located in the St. Louis City submarket, specifically the Downtown West cluster, with a zip code of 63106.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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