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Teardown / land value

Vacant Lot Development Play

Saint Louis, MO

$17,000After-repair value · $190,000
Beds0
Baths0
Living area0 ft²

This off-market vacant lot offers a straightforward land-value and redevelopment play, with no occupied structure or major renovation burden to manage. The reported after-repair value is $190,000, while ranging from $145,000 to $190,000 provide meaningful support for the underlying value thesis. The Numbers: • Reported ARV: $190,000, establishing a clear benchmark for potential completed-project value. • Comparable sales: $145,000, $169,000, and $190,000, supporting a market range for similar finished properties. Property Details: • Vacant lot with teardown/land-value condition, allowing an investor to focus on development feasibility and highest-and-best-use analysis instead of structural repairs. • Utilities are reportedly accessible, which may improve development practicality; utility availability, connection requirements, and costs should still be independently verified. • The site’s vacant status eliminates tenant, turnover, and interior-rehab considerations, making due diligence primarily about zoning, lot dimensions, utility connections, permitting, and build ability. Comp Support: • Reported comparable sales: $190,000, $169,000, and $145,000. Nearby Comparable Sales 200 W Steins St, Saint Louis, MO 63111 — Sold for $190,000 324 Hurck St, Saint Louis, MO 63111 — Sold for $169,000 7700 Michigan Ave, Saint Louis, MO 63111 — Sold for $145,000