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320 E Ripa Ave
Lemay, MO 63125
Specialty Property For Sale
·
336,256 SF
Investment Highlights
- Attractive property with nine buildings
- The residential facility is 252,878 sq. ft. and the interconnected vacant school buildings consist of 83,378 sq. ft.
- Strong 1 mile demographics with an average household income of $71,195 and an average home value of $196,226
- Well-maintained with long-term ownership
- Property is situated on 17.58 acres with scenic views of the Mississippi riverfront with plenty of room for expansion.
Executive Summary
Situated in a picturesque setting overlooking the Mississippi River on 17.58 acres, this attractive property offers a significant opportunity for the right user.
There are 9 buildings and 143 residences with attached bathrooms, and a large dining facility with a commercial kitchen, laundry facilities, chapel, and meeting rooms, etc. The total square footage of the buildings is 336,256 SF. This property is ideal for a conversion to multi-family, senior living or any educational or institutional use.
Reduced Sale Price: $6,800,000
There are 9 buildings and 143 residences with attached bathrooms, and a large dining facility with a commercial kitchen, laundry facilities, chapel, and meeting rooms, etc. The total square footage of the buildings is 336,256 SF. This property is ideal for a conversion to multi-family, senior living or any educational or institutional use.
Reduced Sale Price: $6,800,000
Property Facts
| Sale Type | Investment | Building Size | 336,256 SF |
| Property Type | Specialty | No. Stories | 4 |
| Property Subtype | School | Year Built | 1950 |
| Building Class | B | Opportunity Zone |
Yes
|
| Lot Size | 17.58 AC | ||
| Zoning | R-5 - R-5 Residential. | ||
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | School |
| Building Class | B |
| Lot Size | 17.58 AC |
| Building Size | 336,256 SF |
| No. Stories | 4 |
| Year Built | 1950 |
| Opportunity Zone |
Yes |
| Zoning | R-5 - R-5 Residential. |
Property Taxes
| Parcel Number | 28G-53-0078 | Improvements Assessment | $10,600,510 |
| Land Assessment | $1,652,190 | Total Assessment | $12,252,700 |
Property Taxes
Parcel Number
28G-53-0078
Land Assessment
$1,652,190
Improvements Assessment
$10,600,510
Total Assessment
$12,252,700
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