Downtown St. Louis Commercial Lot-2660 SF

923 Locust St Locust Street St. Louis, MO 63101

923 Locust St Locust Street , St. Louis, MO, 63101
923 Locust St Locust Street , St. Louis, MO, 63101 923 Locust St Locust Street , St. Louis, MO, 63101 923 Locust St Locust Street , St. Louis, MO, 63101 923 Locust St Locust Street , St. Louis, MO, 63101
FOR SALE
Property Type:
Commercial Land Development
Amount:
$249,500
Cap Rate:
0.00%
Last Verified:
May 15, 2025

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**CBD St. Louis Commercial Lot** **Property Description: ** This is a 2,660 square foot commercial lot located in the highly sought-after Central Business District (CBD) of Downtown St. Louis. Currently utilized as a pocket park, this vacant lot is conveniently situated near the Convention Center and major hotels. It is a short 10-minute walk to all major attractions in the area, which has a population of 8,670 residents and 29,963 employees. The versatile lot is suitable for various uses, ranging from private parking to a site for food trucks, offering endless possibilities for development. The lease with a non-profit organization expires in 2026 but can be terminated earlier if necessary. **Location Highlights: ** - 10,000 residents - 2,300 companies employing 64,000 individuals - Estimated $1.7 billion in ongoing development - 32 estimated new projects in the works - More than 100 acres of parks and green spaces nearby - 75 restaurants within walking distance - Four major interstates converge in Downtown St. Louis - A hub for sports, including the St. Louis Cardinals, Blues, XFL Battlehawks, and St. Louis City Soccer Club.

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Map of 923 Locust St Locust Street , St. Louis, MO, 63101

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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.