2118 Mullanphy St St St. Louis, MO 63106
This distressed property at 2118 Mullanphy Street, St. Louis, MO 63106, presents a unique redevelopment opportunity. The vacant, 34,316 square foot flex/warehouse building, constructed in 1907, boasts three stories and a 15-foot ceiling height. Situated on a 0.55-acre lot, it's zoned Industrial-J. Its prime location offers unparalleled access to major transportation arteries, including Interstate I-64/40 and Interstate 70, just 1.5 miles away. The property is less than a block from the $2 billion National Geospatial-Intelligence Agency (NGA) project and less than a block from the 20th Street segment of the Brickline Greenway, a $250 million project. Furthermore, it's conveniently located 10 blocks from the new $457.8 million MLS St. Louis City Stadium and across from the $187 million Union Station redevelopment and Aquarium. Designed in 1909 by renowned St. Louis architect George D. Barnett, this building, originally the Mullanphy Tenement, offers significant historical charm. Its location within an Opportunity Zone and SBA HubZone provides access to potential tax credits. The asking price is $595,000. This is an exceptional investment for developers seeking a high-impact project in a rapidly growing area.
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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