This PRIME Multifamily/Mixed Use Opportunity has spectacular lake views, easy access to the Interstate and is in the "Uptown" District of the City of Lake St. Louis! Best part is the additional acreage just across the road, consisting of approx. 8.19 +/- acres - See MLS #18041844. This is the best opportunity in town for an investor and/or developer. Zoning per the City of Lake St. Louis is: Community Business (CB) with an overlay known as the "Downtown Lakefront Development District".
From Highway 70 West , take exit 214 for Lake St. Louis Blvd. Use the left lane to turn left onto Lake St. Louis Blvd, then turn left at the 2nd cross street onto Veterans Memorial Pkwy. to right onto Bent Oak Cutoff, property will be on the left.
The approximate monthly Principal & Interest payment for this property would be $6,508. This payment is based on a 30-year loan at a fixed rate of 4.54 % with a down payment of $138,956. Actual lender interest rates and loan programs may vary.
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