320 East Ripa Avenue Lemay, MO 63125
- Retirement homes
- 17.58 lot acres
Current Use by Public Records
- Notre Dame High School / Private Educational Institution / High School
Property Details for 320 East Ripa Avenue
- Year built
- 1895
- Lot size
- 17.58 lot acres
- Property type
- Retirement homes
Description
This exceptional investment opportunity presents a unique mixed-use, multifamily, and senior living property located at 320 E Ripa Avenue in Lemay, Missouri. The property encompasses nine buildings totaling 336,256 square feet of net rentable space, situated on a generous 17.58-acre lot offering stunning Mississippi River views. The complex includes The Theresa Center, Caroline Center, Romana Hall, Madonna Hall, Maria Center, Ecology Center, Power House, the Overpass Apartments, and a former headstart building. The residential portion comprises 252,878 square feet, while the interconnected vacant school buildings add another 83,378 square feet, presenting significant conversion potential. Built between 1895 and 1964, this well-maintained property benefits from long-term ownership and a strong surrounding demographic profile. Within a one-mile radius, the average household income is $71,195, and the average home value is $196,226, indicating a robust market. The asking price for this expansive property is $7,000,000, offering a compelling opportunity for significant returns. The ample land provides room for future expansion, enhancing the long-term value of this remarkable investment.
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
- Lemay
- County
- St. Louis
- State
- Missouri
- Longitude
- -90.273288546254
- Latitude
- 38.524260092268
