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Commercial

Auction - 1.06 AC Development Site (Former Family Dollar)

4344 Martin Luther King Dr, St. Louis, MO 63113

Listing Price: $1

Lot Size
1.06 acres
Price/Acre
$1
Land Type
Land

Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace

Marcus & Millichap and RI Marketplace are pleased to present a commercial development opportunity (former retail building) located at 4344 Dr. Martin Luther King Drive in St. Louis, Missouri (the “Property”). The Property is offered at a substantial discount and offers an exceptional owner/user or investment opportunity with significant value enhancement potential via development. FIRST BID MEETS RESERVE!

The Property was formerly a Family Dollar and since been demolished offering potential investors the ability to acquire a land play that is ideal for future commercial/retail redevelopment by an end-user or build-to-suit developer with significant value add through lease up at long term market rates (CoStar estimated retail rents of $13-16/SF NNN). Positioned on ±1.06 AC, the Property offers 177’ feet of frontage on Dr MLK Dr (±6,695 VPD) and offers one point of egress/ingress. The Property is zoned G – Local Commercial and Office District by the City of St. Louis and offers favorable flexible zoning allowing for a variety of commercial uses.

This former Family Dollar is conveniently located in the St Louis City North submarket just ±10 minutes from Downtown and ±18 minutes from Lambert International Airport. The Property is located in a walkable area and lies within The Ville neighborhood, a forty-two-square-block bounded by St. Louis Avenue on the north, Dr MLK Drive on the south, Sarah on the east and Taylor on the west. The Property is easily accessible and is positioned just 1-mi from Natural Bridge Ave (±17,715 VPD) and 2-miles from both I-70 (±101k VPD) and I-65 (±96k VPD) offering convenient access to the greater St. Louis area. The Property is positioned near several educational demand drivers and is positioned just a ½ mile from Ranken Technical College (±1,825 Students) and less than 2-mi from both Saint Louis University (±13,500 Students) and Washington University (±8,100 Students). The Property is also located less than 2-mi from a plethora of medical demand drivers including St. Louis Kindred Hospital (60 Beds); Children’s Hospital (455 beds); and Barnes-Jewish Hospital a 1,400-bed nonprofit teaching hospital - the largest in Missouri. Additionally, Fairgrounds Park and also Forest Park, home to Saint Louis Zoo, Saint Louis Art Museum, Missouri History Museum, Forest Park Golf Course and The Highlands Golf & Tennis are within 2-miles of the Property. This site is strategically located in an extremely dense area that serves ±114,849 people within a 3-mile area and nearly 302k individuals with an AHHI of ±$81,350 within an expanded 5-mile area.

Investment Highlights

  • ABSOLUTE $1 AUCTION | AUCTION MAY 13-15, 2024
  • ±1.06 Acre Value-Add Land Opportunity (Former Family Dollar site) Available at Substantial Discount Below Market Value
  • Development Opportunity with Paved Parking, Utilities and Drainage on site; Zoned G, Local Commercial and Office District
  • Easily Accessible Location 10-Minutes from Downtown and Just 2-Miles from Both I-70 (101K VPD) and I-64 (96K VPD)
  • Nearby Traffic Drivers: Ranken Technical College, Saint Louis University, Washington University, and Numerous Hospitals
  • Dense Demographics with ±301,839 Individuals Residing within a 5-mile Radius, and Avg Income of ±$81,357
  • Federal Opportunity Zone

Exclusively Listed By

Broker of Record

  • Dave Saverin

    Regional Manager

    (314) 889-2500

    License(s) MO: 2008013520

    Missouri

Commercial

Auction - 1.06 AC Development Site (Former Family Dollar)

Listing Price: $1

Lot Size
1.06 acres
Price/Acre
$1
Land Type
Land

Investment Highlights

  • ABSOLUTE $1 AUCTION | AUCTION MAY 13-15, 2024
  • ±1.06 Acre Value-Add Land Opportunity (Former Family Dollar site) Available at Substantial Discount Below Market Value
  • Development Opportunity with Paved Parking, Utilities and Drainage on site; Zoned G, Local Commercial and Office District
  • Easily Accessible Location 10-Minutes from Downtown and Just 2-Miles from Both I-70 (101K VPD) and I-64 (96K VPD)
  • Nearby Traffic Drivers: Ranken Technical College, Saint Louis University, Washington University, and Numerous Hospitals
  • Dense Demographics with ±301,839 Individuals Residing within a 5-mile Radius, and Avg Income of ±$81,357
  • Federal Opportunity Zone

Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace Marcus & Millichap and RI Marketplace are pleased to present a commercial development opportunity (former retail building) located at 4344 Dr. Martin Luther King Drive in St. Louis, Missouri (the “Property”). The Property is offered at a substantial discount and offers an exceptional owner/user or investment opportunity with significant value enhancement potential via development. FIRST BID MEETS RESERVE! The Property was formerly a Family Dollar and since been demolished offering potential investors the ability to acquire a land play that is ideal for future commercial/retail redevelopment by an end-user or build-to-suit developer with significant value add through lease up at long term market rates (CoStar estimated retail rents of $13-16/SF NNN). Positioned on ±1.06 AC, the Property offers 177’ feet of frontage on Dr MLK Dr (±6,695 VPD) and offers one point of egress/ingress. The Property is zoned G – Local Commercial and Office District by the City of St. Louis and offers favorable flexible zoning allowing for a variety of commercial uses. This former Family Dollar is conveniently located in the St Louis City North submarket just ±10 minutes from Downtown and ±18 minutes from Lambert International Airport. The Property is located in a walkable area and lies within The Ville neighborhood, a forty-two-square-block bounded by St. Louis Avenue on the north, Dr MLK Drive on the south, Sarah on the east and Taylor on the west. The Property is easily accessible and is positioned just 1-mi from Natural Bridge Ave (±17,715 VPD) and 2-miles from both I-70 (±101k VPD) and I-65 (±96k VPD) offering convenient access to the greater St. Louis area. The Property is positioned near several educational demand drivers and is positioned just a ½ mile from Ranken Technical College (±1,825 Students) and less than 2-mi from both Saint Louis University (±13,500 Students) and Washington University (±8,100 Students). The Property is also located less than 2-mi from a plethora of medical demand drivers including St. Louis Kindred Hospital (60 Beds); Children’s Hospital (455 beds); and Barnes-Jewish Hospital a 1,400-bed nonprofit teaching hospital - the largest in Missouri. Additionally, Fairgrounds Park and also Forest Park, home to Saint Louis Zoo, Saint Louis Art Museum, Missouri History Museum, Forest Park Golf Course and The Highlands Golf & Tennis are within 2-miles of the Property. This site is strategically located in an extremely dense area that serves ±114,849 people within a 3-mile area and nearly 302k individuals with an AHHI of ±$81,350 within an expanded 5-mile area.

Exclusively Listed By

Broker of Record

  • Dave Saverin

    Regional Manager

    (314) 889-2500

    License(s): MO: 2008013520

    Missouri

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