Downtown St. Louis Restaurant-ALL NEW BUILDOUT

1009 Locust Street St. Louis, MO 63104

1009 Locust Street, St. Louis, MO, 63104
10th & Locust-Downtown STL
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FOR LEASE
Property Type:
Restaurant
Amount:
Please Call Broker for Price

Cap Rate:
0.00%
Last Verified:
Nov 02, 2022

Downtown St Louis Restaurant Opportunity. This is once in a lifetime to own and operate a new restaurant with all-new features. This Downtown St Louis Restaurant Opportunity comes complete except for the finishing touches, furniture, fixtures, and equipment. Even the drywall is ready for paint or wallcovering. Kitchen Highlights: • 1,820 SF Kitchen • 39 FT CaptiveAire hood system in 3-thirteen foot sections. • All required Plumbing, Electrical, and Natural Gas connections. • All NEW Electrical switches, outlets, fluorescent lighting, and more. • Easy Access to dry goods storage and refrigeration via cantilever lift large enough for pallets which easily moves goods between floors for storage and preparation. • 2,250 SF dry goods, secure storage, office, and refrigeration in the basement. • Ground floor access to alley loading. • Space allocated 8X12 foot walk-in cooler. All you need to bring is the equipment. A Cookline and Kitchen this large gives you the ability to prepare any dish. Dining Room: • 3,055 SF Dining Room. • 16-Foot Ceilings. • 650 SF Mezzanine. • 17-Seat Full-Service Bar Rough-in. • 4-Fixture each Men's/Ladies Restrooms. • Occupancy Capacity-271 • Table Seating in Dining Room for 204 patrons. • Table Seating on the Mezzanine for 49 patrons. • All NEW HVAC with spiral ducts. • Proposed Lighting-Track Lighting rough in over tables and other key areas. • Additional Patio Seating is Available for 28 patrons. Location: This Downtown St Louis Restaurant Opportunity is located in the heart of the Downtown St. Louis Central Business District at the corner of 10th and Locust. Downtown St. Louis is the region's primary employment district and the center of the downtown region, with the highest commercial and industrial activity concentration in St. Louis. Downtown St. Louis Central Business District has about 1,600 businesses, 85,000 employees, approximately 69,975,844 square feet of Class A and B office space with average rents of $14.16-$18.75 psf, and industrial activity on the fringe. The St. Louis Convention Center Hotel Garage is one of the largest parking garages in St. Louis, with 870 parking spaces, and is located nearby.
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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.