1255 Lewis St St, St. Louis, MO 63102
This exceptional 78,000 square foot warehouse property at 1255 Lewis Street in St. Louis, Missouri, presents a unique investment opportunity. Located in the desirable North Laclede's Landing area, this industrial property boasts stunning views of the Mississippi River and the St. Louis downtown skyline. The asking price is $800,000, translating to $10.25 per square foot. Its prime location offers unparalleled access to the vibrant city center, placing it just two blocks from the Horseshoe Casino and the Four Seasons Hotel. The property's substantial size and existing structure lend themselves perfectly to a loft conversion project, maximizing its potential for high-end residential or commercial redevelopment. Furthermore, its historic nature makes it eligible for valuable historic tax credits, significantly enhancing its financial appeal. An adjacent warehouse is also available, presenting the possibility of a larger-scale development or expansion. This is a rare chance to acquire a significant property in a rapidly developing area with exceptional potential for substantial return on investment. The property is zoned for industrial use and is situated in St. Louis City County, Missouri, with a zip code of 63102.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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