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Listed by Kortni Johnson Charles Burt Realtors
$5,750,000
Est. payment /mo
161 Baths
79,258 SqFt
New
7350 N Hanley Road Florissant, MO 63033
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Key Details
Property Type Commercial
Sub Type Commercial Sale
Listing Status Active
Purchase Type For Sale
Square Footage 79,258 sqft
Price per Sqft $72
MLS Listing ID SOM60305404
Full Baths 161
Year Built 1970
Annual Tax Amount $73,524
Tax Year 2024
Lot Size 3.620 Acres
Acres 3.62
Property Sub-Type Commercial Sale
Property Description
This a rare investment opportunity near the St. Louis airport with unmatched visibility. This 160-unit motel is positioned for continued hospitality use or a conversion into modern studio apartments, with the City of Hazelwood supportive of either direction. Ownership has already invested over $3.5 million in improvements including a new roof, upgraded electrical, updated plumbing, and substantial interior and exterior remodeling now underway. While the project requires completion, the major work is done, creating a turnkey path for its next owner. Located near Boeing's new large-scale facility, the property benefits from strong demand for extended stay lodging and workforce housing, making it an exceptional opportunity for investors and developers.
Location
State MO
County St. Louis
Interior
Heating Other
Cooling Window Unit(s), Other - See Remarks, Central Air
Fireplace N
Exterior
Parking Features 20+ Spaces
Utilities Available Sewer Available, Electricity Available, Water Available
Waterfront Description None
View City
Garage No
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