3-Combined Commercial Lots | High Traffic St. Louis Corridor | 24,411 SF

5832 Dr Martin Luther King Dr Doctor Martin Luther King Drive St. Louis, MO 63112

5832 Dr Martin Luther King Dr Doctor Martin Luther King Drive , St. Louis, MO, 63112
5832 Dr Martin Luther King Dr Doctor Martin Luther King Drive , St. Louis, MO, 63112 5832 Dr Martin Luther King Dr Doctor Martin Luther King Drive , St. Louis, MO, 63112 5832 Dr Martin Luther King Dr Doctor Martin Luther King Drive , St. Louis, MO, 63112 5832 Dr Martin Luther King Dr Doctor Martin Luther King Drive , St. Louis, MO, 63112
FOR SALE
Property Type:
Commercial Land Development
Amount:
$30,000
Cap Rate:
0.00%
Last Verified:
May 15, 2025

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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.

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Map of 5832 Dr Martin Luther King Dr Doctor Martin Luther King Drive , St. Louis, MO, 63112

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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.