Property summary
This exceptional redevelopment opportunity presents a 28,500 square foot flex/warehouse building situated on a 39,160 square foot lot in St. Louis, Missouri's vibrant Downtown West neighborhood. The property, located at 1335 Convention Plaza, zip code 63103, boasts a prime location near significant developments including the new MLS Stadium, the National Geospatial-Intelligence Agency (NGA) facility, and Square/Block's new headquarters. Built in 1927, this three-story Class C building offers a unique chance to capitalize on the area's rapid growth. The property is zoned J (Industrial) and features a gross lease structure. While currently vacant with an occupancy date of July 1, 2024, it presents a compelling investment opportunity for owner-users or investors seeking redevelopment potential. The building has a 11-foot ceiling height and is available for lease in spaces ranging from 1,000 to 28,500 square feet. The asking price is $1,100,000, translating to $38.60 per square foot. This is a multi-tenant property, currently with one tenant. The property includes a substantial outside venue area. Note that there are no loading docks or dock-high doors. This is a significant redevelopment project with substantial potential for future growth and return on investment.
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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