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.
Total Baths: 161.00
Year Built: 1,970
Business Type: Apartments,Other-See Remarks
Transaction Type: Sale
Parking Type: 20+ Spaces
Acres: 3.62
Miscellaneous: Sign-Pole, Sign-Roof
Inside City Limits: Yes
Foreclosure: No
View: City
Efficiency Units: 79258
View: No
County: St. Louis
Property Type: E
Vacancy: No
Sqft Retail Space: 0
Sqft: 79,258
Price Per Sqft: 73
Tax Year: 2,024
Num Units: 160
Heating: Other-See Remarks
Utilities Available: Public Sewer, Electric, Public Water
Cooling: Window Units, Other-See Remarks, Central
Waterfront View: None
Lake River: None
Listings courtesy of Charles Burt Realtors
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