320 E Ripa Ave - Schools FOR SALE


Lemay, MO 63125
$7,000,000 USD
314-655-6060
320 E Ripa Ave, Lemay, MO for Sale
$7,000,000 USD
Schools - FOR SALE
1/28
null | Request Cap Rate

320 E Ripa Ave
Lemay, MO 63125


HIGHLIGHTS

  • Attractive property with nine buildings
  • Well-maintained with long-term ownership
  • The residential facility is 252,878 sq. ft. and the interconnected vacant school buildings consist of 83,378 sq. ft.
  • Property is situated on 17.58 acres with scenic views of the Mississippi riverfront with plenty of room for expansion.
  • Strong 1 mile demographics with an average household income of $71,195 and an average home value of $196,226

OVERVIEW

320 E Ripa Ave. St. Louis Mo. is a truly unique and versatile property. Situated in a picturesque setting overlooking the Mississippi River, this attractive property offers a significant opportunity for the right user. The property features nine buildings and 143 residences with attached bathrooms. There is a large dining facility with a commercial kitchen, laundry facilities, chapel, meeting rooms etc. This property is ideal for a conversion to multi-family, senior living or any educational or institutional use. Sale Price: $7,000,000

FOR SALE DETAILS

PRICE

$7,000,000 USD

PRICE/SF

$21 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Schools

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

17.58 AC

LAND SF

765,785 SF

ZONING

R-5

APN/PARCEL ID

28G-53-0078

ASK ABOUT THIS PROPERTY

314-655-6060

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314-655-6060

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