Investment or owner-user opportunity. This property is ~18% vacant with room for rent growth. This property was last appraised in 2016 for $3.8M and was gut-renovated ~2007 when the following was installed new: HVAC; plumbing (including new sewer & water taps); electric service including new service and meters; new fire sprinkler heads, tap and back-flow; new life-safety devices; new gas service to specific retail tenant spaces; new roof; new windows; new storefronts; new sound abatement technology and self-leveling concrete floors; new structural steel; new elevator; new door/building access systems; ... and more.
The property is located just west of the Central Business District (CBD) and the Gateway Arch in the heart of St. Louis' Loft/Garment District. It is across the street from the newly renovated The Last Hotel, and it's around the corner from the newly renovated 21c Museum Hotel-St. Louis. It is very close to the municipal courts, the civil court house, & the federal court house. It is 1.5 miles from the new $1.7B United States National Geospatial-Intelligence Agency West facility, or Next NGA West.