1000 Edgewater Pt Lake Saint Louis, MO 63367
- Office Properties & Spaces
- 28,000 SF
- 1.65 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 1000 Edgewater Pt
- Year built
- 1989
- Lot size
- 1.65 lot acres
- Property size
- 28,000 SF
- Property type
- Office Properties & Spaces
Description
This exceptional four-story, Class B office building in Lake St. Louis, Missouri, presents a compelling investment opportunity. Boasting 20,104 square feet of net rentable space across 15 units, the property enjoys a remarkable 95% occupancy rate, generating a substantial net operating income (NOI) of $226,400. Built in 1989 and renovated in 2013, the building sits on a 1.65-acre lot in a prime location near SSM Lake St. Louis Hospital, easily accessible from Lake St. Louis Boulevard and I-70. The property features a diverse tenant mix, including medical and counseling practices, with long-term leases in place. Key tenants include Heartland Midwest OB-Gyn, CCC Center of Excellence Counseling, and Gateway to Health. The asking price is $3,195,000, representing a compelling 7.09% cap rate. The building's permitted zoning is "C," and each office offers stunning lake views. This stabilized investment offers a secure and profitable opportunity with significant upside potential. The property features a modified lease type and is offered fee simple.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lake Saint Louis
- County
- St Charles
- State
- Missouri
- Longitude
- -90.762
- Latitude
- 38.8011
