Property profile

4706 Dr Martin Luther King Dr St St. Louis, MO 63113

OFF-MARKET
Retail properties & Spaces
19,200 SF
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Property summary

AI-generated overview

Investors and entrepreneurs, take note! This exceptional commercial property, known as Granny's Washtub, presents a unique opportunity in St. Louis, Missouri. Located at 4706 Dr. Martin Luther King Dr., zip code 63113, this vacant storefront boasts a substantial 19,200 square feet of space. Situated in an Opportunity Zone and less than three miles from the new National Geospatial-Intelligence Agency (NGA) campus, this property offers unparalleled potential for redevelopment. The gross lease structure and vacant tenancy provide flexibility for a wide range of commercial uses, including retail, office space, or restaurants. The property's size and prime location near Kingshighway make it an ideal investment for those seeking to capitalize on the thriving St. Louis commercial market. This is a chance to acquire a significant property in a rapidly developing area, offering substantial returns for investors and a perfect launchpad for entrepreneurs. The property is ready for immediate redevelopment, presenting a blank canvas for your vision. Don't miss this chance to secure a prominent location in a dynamic and growing part of St. Louis. The asking price is $250,000.

Property profile

Verified
Property type Retail properties & Spaces
Total area 19,200 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

4706 Dr Martin Luther King Dr St St. Louis, MO 63113
St. Louis metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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