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5960 Dr Martin Luther King Dr - Availability Details

5960 Doctor Martin Luther King Drive, St. Louis, MO 63112

  • For Sale $449,750
  • Property Type Mixed Use
  • Property Size 27,000 Sqft
  • Lot Size 16,760 Sqft
  • Parking Spaces Avail. 25
  • Parking Ratio 0.93/ 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class C
  • Year Built 1923
  • Year Renovated 2008
  • Date Updated Mar 31, 2021
  • Construction Type Masonry
  • Website cardinalrealtygroup.com

 

Excellent opportunity to own a great property in an urban redevelopment area.  This 97-year-old building underwent major building updates in 2008 bringing it into the 21st Century.  In 2008 the owner of the property invested over a Million Dollars in the building to make it one of the premiere Night Clubs in St. Louis, Euforia Nightclub & Lounge.  The nature of most of the improvements was to all of the major building systems and components necessary for its use as a Night Club with high occupancy-1705 patrons.  This gives the buyer a strong basis to start with for their own use or to keep it as a Night Club/Concert Hall.  When constructed, the building use was as a mercantile building housing a furniture store.  The building had a freight elevator at the rear of the building and a passenger elevator from the 1st floor to the mezzanine.  The rear lot is paved and can adequately park 20-25 cars.  Additional land is available mostly through the LRA and the City of St. Louis has improved the property across the street for this building’s use with a paved and lighted parking lot.  Priced to sell well below replacement cost of $16.65 per square foot makes this property a bargain.

 

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Location

  • City St. Louis, MO
  • Neighborhood Hamilton Heights
  • Zip Code 63112
  • Market St Louis

Contacts

broker

Hal Hanstein

Cardinal Realty Group

CCIM

(636) 225-0385

Frequently Asked Questions

What year was 5960 Dr Martin Luther King Dr built and finished?

5960 Dr Martin Luther King Dr was completed in 1923.

Attachments

Contact Listing Broker

broker

Hal Hanstein

Cardinal Realty Group

CCIM

(636) 225-0385

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