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Mixed-Use

1511 N Truman Blvd

1511 N Truman Blvd, Festus, MO 63028

Listing Price: $1,500,000

Lot Size
8.78 acres
Price/Acre
$170,843
Land Type
Redevelopment

Investment Overview

Marcus & Millichap is pleased to present an 8.78 acre development site with dual commercial and residential zoning. The site is flat with all utilities to the site with off site detention available. The site lends itself for multifamily, residential and commercial uses.

Festus, and its adjacent neighbor Crystal City make up the Twin Cities in Jefferson County, Missouri which includes roughly 16,000 residents. The St. Louis metropolitan statistical area (MSA) suburb was founded around 1878, and the Twin Cities have enjoyed over a century of self-sustaining enterprises, strong family ties and economic growth. Its median income hovers at $56,000 per household. Intersecting Interstate 55, Festus offers a retail destination for much of the county and rural counties to the south. A short drive to downtown St. Louis, the Twin Cities are anchored by The Doe Run Company, a publicly traded mining company, Mercy Hospital Jefferson, a 251-bed acute care facility, and contain various manufacturers that continue to prosper. You will find both Crystal City and Festus have wonderfully restored main streets and theres plenty of Century Homes throughout the area.

In-between the Twin Cities, the opportunity presents developers a large contiguous swath of land on US Highway 61/67 (also Truman Boulevard after Missouris Harry S. Truman), the main vein through much of southern Missouri and parallel to Interstate 55. Festus is also a last stop on the way to St. Louis. There are several flag hotels that enjoy higher occupancy than the submarket. Some of the destination shopping include Lowes Home Improvement, Walmart Super Center, Hoods Discount Home Center and Schnucks Markets.

With mixed zoning, the property presents several opportunities; multifamily housing, single family housing, and self-storage are a few uses for the site, although residents are asking for broader grocery and retail opportunities beyond Aldi and Walmart.

Investment Highlights

  • 8.78 Acres Zoned for Mixed-Use Development
  • 8.78 Acres Net Useable Land - Detention Provided Offsite
  • Near Interstate 55
  • Excellent Visibility on Truman Boulevard
  • All Utilities to Site

Exclusively Listed By

Listing Price: $1,500,000

Lot Size
8.78 acres
Price/Acre
$170,843
Land Type
Redevelopment

Investment Highlights

  • 8.78 Acres Zoned for Mixed-Use Development
  • 8.78 Acres Net Useable Land - Detention Provided Offsite
  • Near Interstate 55
  • Excellent Visibility on Truman Boulevard
  • All Utilities to Site

Investment Overview

Marcus & Millichap is pleased to present an 8.78 acre development site with dual commercial and residential zoning. The site is flat with all utilities to the site with off site detention available. The site lends itself for multifamily, residential and commercial uses.

Festus, and its adjacent neighbor Crystal City make up the Twin Cities in Jefferson County, Missouri which includes roughly 16,000 residents. The St. Louis metropolitan statistical area (MSA) suburb was founded around 1878, and the Twin Cities have enjoyed over a century of self-sustaining enterprises, strong family ties and economic growth. Its median income hovers at $56,000 per household. Intersecting Interstate 55, Festus offers a retail destination for much of the county and rural counties to the south. A short drive to downtown St. Louis, the Twin Cities are anchored by The Doe Run Company, a publicly traded mining company, Mercy Hospital Jefferson, a 251-bed acute care facility, and contain various manufacturers that continue to prosper. You will find both Crystal City and Festus have wonderfully restored main streets and theres plenty of Century Homes throughout the area.

In-between the Twin Cities, the opportunity presents developers a large contiguous swath of land on US Highway 61/67 (also Truman Boulevard after Missouris Harry S. Truman), the main vein through much of southern Missouri and parallel to Interstate 55. Festus is also a last stop on the way to St. Louis. There are several flag hotels that enjoy higher occupancy than the submarket. Some of the destination shopping include Lowes Home Improvement, Walmart Super Center, Hoods Discount Home Center and Schnucks Markets.

With mixed zoning, the property presents several opportunities; multifamily housing, single family housing, and self-storage are a few uses for the site, although residents are asking for broader grocery and retail opportunities beyond Aldi and Walmart.

Exclusively Listed By

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