26 Mississippi AveCrystal City, MO 63019

Property Details for 26 Mississippi Ave

Year built

1960

Lot size

1.55 AC

Property size (Sq ft)

9,125 SF

Property type

Assisted living facilities

Property subtype

Retirement homes

APN

19-3.0-05.0-4-001-002.01

APU

1930050400100201

Description

This expansive 15,560 square foot commercial warehouse, located at 26 Mississippi Avenue in Crystal City, Missouri, presents a unique redevelopment opportunity. Priced at $475,000, the property offers significant potential for a variety of commercial uses. The building, formerly a 52-bed residential facility, has been completely gutted down to the studs, providing a blank canvas for the next owner's vision. All the hard demolition work is already complete, saving considerable time and expense. This three-story structure boasts a solid construction and stands as a prominent landmark in a desirable, quiet neighborhood. A significant advantage is the inclusion of a large 50-space parking lot, providing ample parking for employees, customers, or residents, depending on the intended use. The property is zoned for commercial use and is situated in Jefferson County, Missouri, zip code 63019. The building's substantial size and prime location make it an attractive investment for entrepreneurs and developers seeking a large-scale project with considerable upside. This is a rare opportunity to acquire a substantial commercial building in a well-established area, ready for immediate renovation and customization. The property is classified as industrial and land.

• CAP approach

  CAP return

  Valuation

  6%

  $2,038,851

  6.5%

  $1,882,016

  7%

  $1,747,587

• Comparable approach

  Method

  Valuation

  Relative Method

  $818,093

  Geo Method

  $818,093

• Alternative Use

  Use

  Valuation

  Residential

  $2,387,417

  Hospitality

  $2,186,861

  Educational

  $1,819,443

  Medical

  $1,882,016

  Retail

  $2,830,244

Location Insight

City

Crystal City

County

Jefferson

State

Missouri

Latitude

38.2192

Longitude

-90.3769

CBSA code

41180

CBSA name

ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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