Absolute $1 Auction ! First Bid Meets Reserve!
Online Auction: April 13th - 15th, 2020
Investment Highlights:
1.35 Acres Adjacent to McDonalds, Family Dollar, Schnuck Markets
28,698 Vehicles Passing Daily on Bellefontaine; 0.3 miles from I-270 (88,000 Vehicles Per Daily)
Zoned C-8, Planned Commercial District
Offering Details:
CBRE and RealINSIGHT Marketplace are pleased to present a 1.35 Acre undeveloped land parcel located at 11115 Bellefontaine Road (the Property) in Spanish Lake, MO within the St. Louis MSA. This Property offers an exceptional investment opportunity via development and the first bid meets reserve!
The Property is positioned behind to McDonalds and Family Dollar and access to the Property is via Bellefontaine Road which runs adjacent to the east side of the Property. This Property offers potential investors the ability to acquire raw land with signi...
The Property is positioned behind to McDonalds and Family Dollar and access to the Property is via Bellefontaine Road which runs adjacent to the east side of the Property. This Property offers potential investors the ability to acquire raw land with significant value-add through development and long term lease-up. The Property is zoned C-8, Planned Commercial District, and offers favorable flexible zoning that allows for a variety of uses.
Spanish Lake, MO is a suburb of St. Louis and is positioned just 11-miles (20-minutes) North of the Property. The Property is strategically positioned just three miles from the MissouriIllinois state line in a retail/commercial corridor with dense residential nearby. The Property is located across from a Schnucks Market anchored retail center and near other retails and QSRs including Steak-n-Shake, Pizza Hut, ALDI, Circle K, Advance AutoParts, and White Castle to name a few. The Property is also positioned near local demand generators and proximate to National Personnel Records Center (0.9 miles), Twillman Elementary School (1 mile), Trinity Catholic High School (1.3 miles), Christian Hospital (1.6 miles), Hazelwood East High School & Middle School, (1.6 miles), Eagle Springs Golf Course (3 miles), St. Louis Community CollegeFlorissant Valley (4.6 miles), and St. Louis Lambert International Airport (15-minutes). The Property is a corner lot with near the high traffic intersection of Bellefontaine Rd (28,693 VPD) just 0.3 miles from I-270 with 88,000 VPD. The Propertys location just off Route 1-270 offers excellent accessibility to the broader area and provides the necessary access to more regional destinations throughout the area, while the immediate areas retailers provide the necessary drawing power for the property. The Property also benefits from extremely dense and compelling demographics and has a population of 147,256 with an annual household income of $56,693 within a five-mile radius (2018).
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