Three adjoining commercial lots ready to be built on are available on Dr Martin Luther King Drive, in North St. Louis City. The properties are zoned G-Local Commercial and Office, which offers a wide variety of permitted uses, giving you the flexibility to serve the local population in multiple ways. The property addresses are 5832, 5842, and 5846 Dr. Martin Luther King Drive. The total square footage of the lots is approximately 24,411 SF, with 190 feet of frontage on Dr. Martin Luther King Drive and 125 feet on Laurel Street. Many tax credits/incentives are available, which reassures potential investors/developers about the support available to own and operate a business in the neighborhood. All three parcels are priced to sell at $30,000/$1.23 psf, a real bargain that will make you feel like you're getting a good deal. Considering that these are fully developed lots with all utilities available to the site, this is an opportunity not to be missed.
Location Description:
Located in the Hamilton Heights Neighborhood on historic Dr. Martin Luther King Jr. Avenue, between Rowan Avenue and Lauriel Street, this once-bustling commercial avenue in St. Louis offers entrepreneurs numerous opportunities to develop this property.
5832, 5842, and 5846 Dr. Martin Luther King Ave are located within an Opportunity Zone, HUB Zone, HUD-qualified Census Tract, and Neighborhood Needs Grant area. This variety of incentives reassures potential investors about the support available for owning and operating a business in the neighborhood.