3501 Chouteau Avenue

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3501 Chouteau Avenue

St. Louis, MO 63103
Asking Price
$2.75M
Asset Type
Commercial Land
Class
Class B

What's Special

2-Acre Midtown STL Assemblage | $2.75M | Hotel + QSR Sites | $2.8B Growth Corridor | Tax Abatement <p>Rare urban development opportunity in the heart of Midtown St. Louis — 2 acres of investment-grade land positioned at the gateway to the city's newest and fastest-growing district, Prospect Yards. The Steelcote Prospect Yards Assemblage comprises two non-contiguous parcels totaling approximately 2.00 acres (+/-87,120 SF) in City Block 2213: a +/-1.50-acre rectangular parcel fronting Papin Street (the hotel site) and a +/-0.50-acre Chouteau Avenue frontage parcel (the QSR/retail site), with Th

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NOI
$80,000
Cap Rate
2.91%
DSCR
0.49
Underwater
Cash-on-Cash
-10.09%
Monthly Payment
$13,605.5
Annual Cash Flow
$-83,265.995

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