Income Producing Development Site
$2,849,290
Listing Resources
Listing Description
Income Producing Development Site
111.34 Acres Zoned Industrial with excellent access to I-255, Exit 15. Located next to the St. Louis Downtown Airport with Rail and Barge access nearby. TIF and Enterprise Incentives available for Development Projects. There is a land lease on 33.3 Acres that generates an average net annual income of $221,576 (2020-2023). The tenant has been leasing the property since 2003. Property is ideally suited for end user or developer looking for great location to build. All Utilities on Site.
The Site is Located in the Sauget Industrial Park – Tenants Include: Medline, Western Nonwovens, Stellar Mfg., FedEx Ground, Holten Meat, Universal Air Filter, R&L Carriers and Afton Fabricating.
(A) 13.85 Developable Acres – Sale Price: $554,000 ($40,000/AC)
(B) 35.13 Acres Developed – Sale Price: $2,108,210 (33.3 Acres is Leased to Container Port Generating an Annual NOI of $221,576 (2020-2023) (10% CAP))
(C) 62.36 Acres – Sale Price: $187,080 ($3,000/AC)
