$699,000
78.3 Acres at I-255 and Highway 15
Details
Property Type Land
Sub Type Agricultural
Occupancy 100%
Lease Expiration 12/31/2028
Remaining Term 2.6
Pro-Forma Cap Rate 1.57%
Pro-Forma NOI $11,000
Price Per Acre $9,962
Acreage 78.300
Zoning Agricultural
Ownership Individual
53 tillable acres, 26 hunting acres, and a billboard.
Marketing description
78.3 acre property 5 miles from the Arch (as the crow flies) with multiple leases and limitless potential.
Investment highlights
Only 5 miles to the Arch or the St. Louis Downtown Airport. Property has multiple leases on it: Farming for 53 tillable acres, a Billboard, and Deer Hunting. Current lease revenue is $15,675. The parcel could be developed into many different things: commercial, industrial, or residential. Lastly, there is a free 1/2 acre adjacent residential lot that will go the successful purchaser, as an extra access point to the farm. The extra 1/2 acre lot address is 265 Johnson Lane.
Listing Contacts
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
