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320 E Ripa Ave

336,256 SF Specialty Building Offered at $7,000,000 in Lemay, MO 63125

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Investment Highlights

Attractive property with nine buildings
The residential facility is 252,878 sq. ft. and the interconnected vacant school buildings consist of 83,378 sq. ft.
Strong 1 mile demographics with an average household income of $71,195 and an average home value of $196,226

Well-maintained with long-term ownership
Property is situated on 17.58 acres with scenic views of the Mississippi riverfront with plenty of room for expansion.

Executive Summary

320 E Ripa Ave. St. Louis Mo. is a truly unique and versatile property.
Situated in a picturesque setting overlooking the Mississippi River, this attractive property offers a significant opportunity for the right user.
The property features nine buildings and 143 residences with attached bathrooms. There is a large dining facility with a commercial kitchen, laundry facilities, chapel, meeting rooms etc. This property is ideal for a conversion to multi-family, senior living or any educational or institutional use.
Sale Price: $7,000,000

For Sale 320 E Ripa Ave. St. Louis MO

Property Facts

Price	$7,000,000	Lot Size	17.58 AC
Price Per SF	$21	Building Size	336,256 SF
Sale Type	Investment	No. Stories	4
Property Type	Specialty	Year Built	1950
Property Subtype	Schools	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class	B

Price	$7,000,000
Price Per SF	$21
Sale Type	Investment
Property Type	Specialty
Property Subtype	Schools
Building Class	B
Lot Size	17.58 AC
Building Size	336,256 SF
No. Stories	4
Year Built	1950
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.