Property profile

0 N & Ridgeway Dr O'Fallon, MO 63367

OFF-MARKET
Land
1.06 ac lot
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Property summary

AI-generated overview

This exceptional 1.06-acre commercial lot presents a remarkable investment opportunity in the thriving Lake St. Louis, Missouri market. Located at the intersection of Highway N and Ridgeway Drive, this development-ready site boasts a strategic position within a dynamic, high-growth corridor. The property is ideally situated adjacent to the established Hawk Ridge Village Commercial District and the Shoppes at Hawk Ridge, ensuring high visibility and convenient access to a substantial customer base. Zoned CO-PUD, this parcel offers significant flexibility for a variety of commercial developments. Public water and sewer services are readily available on-site, simplifying the development process and minimizing upfront costs. Furthermore, off-site storm water detention is already in place, eliminating a significant hurdle in the development timeline. The property benefits from an internal access road from Ridgeway Drive, constructed by the current owner, providing convenient ingress and egress. A new bank building is planned for an adjacent lot, further enhancing the area's appeal and attracting additional foot traffic. With a land value of $19.95 per square foot and an asking price of $919,665, this property represents an exceptional value in a prime location poised for significant growth. This is a rare opportunity to acquire a fully serviced, strategically located commercial lot in a rapidly expanding area of St. Charles County, Missouri. The property's location within the Highway N corridor project, a significant infrastructure development, promises continued growth and increased property value.

Property profile

Verified
Property type Land
Lot 1.06 ac (46,174 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

N & Ridgeway Dr O'Fallon, MO 63367
O'Fallon metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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