Property profile

515 Florence Dr St. Peters, MO 63304

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional 1.16-acre commercial land parcel presents a unique investment opportunity in St. Peters, Missouri. Strategically located at the signalized intersection of Highway 94 and Florence Drive, this property boasts unparalleled visibility to the nearly 43,000 vehicles traversing Highway 94 daily. Its adjacency to Gold's Gym further enhances its prime location. The affluent surrounding demographics are compelling, with 51,828 people residing within a 3-mile radius and an average household income exceeding $102,750. This area is anchored by major retailers including Target, Home Depot, Walmart, Kohl's, Dierbergs, and Schnucks, ensuring high traffic and consumer spending. The property's zoning as PUD (Planned Urban Development) allows for all "C-3" commercial uses, offering considerable flexibility for development. Note that a neighboring 1.16-acre parcel was recently acquired by a daycare center, indicating strong demand in the immediate vicinity. This property's high visibility, strong demographics, and flexible zoning make it an ideal location for a variety of commercial ventures. The asking price is $490,000.

Property profile

Verified
Property type Land

Cap rate & NOI

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

Location

515 Florence Dr St. Peters, MO 63304
St. Peters 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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