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913 Locust St
Saint Louis, MO 63101 Convention Center

$799,000

Loft Creative Space For Sale  •  7,593 Sq Ft

Property Details

• Property Type Loft Creative Space
• Total Building Size 7,593 Sq Ft
• Lot Size 0.06 ac
• Building Class C
• Year Built 1900
• Cap Rate 14.14 %
• Tenancy Multiple
• Zoning commercial

71 Transit Score

97 Walk Score

Description

Prime Investment Rehab Project located in the highly sought after portion of the Opportunity Zone. A tenant has signed a lease commencing early next year contingent upon getting a business license. Seller is motivated and will consider Seller Financing. Earnest money nonrefundable.

Highlights

Located across the street from a Culinaria Grocery Store

Blocks from the Cardinals Baseball Stadium and New Ballpark Village

Eligible for Opportunity Zone Tax Incentives

Sold at an 11.59% Cap Rate on Newly Signed Lease

Property Flyers

913Locust_10102019

Financial Summary

Cap Rate:

14.14 %

Public Transportation

Transit/Subway	Drive	Walk	Distance
8th And Pine Transit Stop (Lambert Airport Shiloh-Scott, Shrewsbury-Lansdowne I-44 Emerson Park)	2 min	5 min	0.2 mi
Convention Center Transit Stop (Lambert Airport Shiloh-Scott, Shrewsbury-Lansdowne I-44 Emerson Park)	1 min	6 min	0.3 mi
Stadium Transit Stop (Lambert Airport Shiloh-Scott, Shrewsbury-Lansdowne I-44 Emerson Park)	2 min	11 min	0.5 mi
Arch-Laclede's Landing Transit Stop (Lambert Airport Shiloh-Scott, Shrewsbury-Lansdowne I-44 Emerson Park)	2 min	12 min	0.6 mi
Civic Center Transit Stop (Lambert Airport Shiloh-Scott, Shrewsbury-Lansdowne I-44 Emerson Park)	3 min	16 min	0.8 mi
Airport	Drive	Walk	Distance
Lambert-St. Louis International Airport	24 min	-	14.6 mi

Parking Details

Parking Available:	No
Reserved:	No
Type:	Covered
Included in Rent:	Yes