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2648 Dr Martin Luther King Dr 4,544 SF 100% Leased Retail Building Saint Louis, MO 63106 $2,088,855 CAD ($459.70 CAD/SF)
Investment Highlights
- Mixed-use building with commercial and residential components.
- Two residential units are located on the upper floors.
- Commercial zoning allows for a variety of business uses.
- Ground-floor space is configured for bar and restaurant operations.
- Approximately 50 on-site parking spaces support commercial activity.
- Frontage along Dr. Martin Luther King Drive provides visibility and access.
Executive Summary
2648 Dr. Martin Luther King Dr presents an opportunity to acquire a mixed-use asset in the City of St. Louis with both commercial and residential components. The property consists of a ground-floor commercial space currently configured for bar and restaurant use, along with two residential units located on the upper levels. This mixed-use configuration provides multiple income-generating components within a single asset and offers flexibility for investors seeking a combination of commercial and residential tenancy.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,544 SF
Building Class
C
Year Built
1880
Price
$2,088,855 CAD
Price Per SF
$459.70 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.80
Lot Size
0.13 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Parking
50 Spaces (11 Spaces per 1,000 SF Leased)
Frontage
42’ on Dr Martin Luther King Dr
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
The Bistro
Property Taxes
| Parcel Number | 0932-00-0015-0 | Improvements Assessment | $11,141 CAD |
| Land Assessment | $4,038 CAD | Total Assessment | $15,179 CAD |
Property Taxes
Parcel Number
0932-00-0015-0
Land Assessment
$4,038 CAD
Improvements Assessment
$11,141 CAD
Total Assessment
$15,179 CAD
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2648 Dr Martin Luther King Dr
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