FOR SALE OR LEASE 10601 Clayton Road

FOR SALE OR LEASE
10601 Clayton Road
Frontenac, MO 63131
Rare Development Opportunity
9+ Acres
Stephen F. Bahn Commercial Real Estate Services
Contact Steve Bahn
5024 Griffin Road
St. Louis, MO 63128
Office: 314.849.5858
PROPERTY SUMMARY
Stephen F. Bahn Commercial Real Estate Services has been engaged by the
Ladue School District to offer for sale or lease the former:
Ladue Early Childhood Center
10601 Clayton Road, Frontenac, Missouri
Property Size: 9.05 Acres
Sale Price: $1.3 million/acre
Lease Rate: $700,000.00/year, NNN
There is potentially an additional 6.20 acres that may become available in conjunction with
the subject property. This additional acreage is situated immediately to the west of the
subject property with frontage along Spoede Road to the west, Clayton Road to the south
and I-64/Hwy 40 to the north as shown on the enclosed aerial photograph. This additional
acreage is residential and these residences will require individually negotiated offers.
The availability of this property presents an unique opportunity to acquire a prime, never
before available site located in Frontenac, Missouri.
This entire site is viewed by the Frontenac City Council as one of the last two areas for
mixed use development and supports redevelopment of the area. The City of Frontenac is
in the process of updating their 2006 Comprehensive Master Plan to include this area into
its Business District Classification paving the way for planned development of this area.
Possible uses include Restaurant, Retail, Senior Housing, Office and Hospitality.
For additional information, please contact:
Stephen F. Bahn
314.849.5858
Stephen F. Bahn Commercial Real Estate Services, the Ladue School District’s Board of Education, Superintendent, Assistant Superintendent and their legal council will negotiate contract terms upon selection. All contracts are
subject to review by Stephen F. Bahn Commercial Real Estate Services, the Ladue School District’s Board of Education, Superintendent, Assistant Superintendant and their legal counsel and the project will be awarded upon
signing of an agreement or contract, which outlines terms, scope, budget and other necessary items.
PROPERTY DESCRIPTION
The subject property is located at 10601 Clayton Road and consists of approximately 9.05
acres with an existing 33,727 square foot former school building that was reportedly constructed in 1936 with subsequent additions. The site is slightly irregular in shape with 619
linear feet along the north line of Clayton Road and approximately 500 lineal feet of frontage on the south line of I-64/Hwy. 40. The site is relatively level but slopes downward toward the south line of I-64/Hwy. 40 which would lend itself perfectly for covered parking
structures. The owner of the subject property has obtained bids for demolition of the existing building and remediation of any possible asbestos in the floor tiles and pipe wrapping.
Based on several bids from local qualified contractors, the total cost for demolition and any
asbestos remediation to the site would be approximately $350,000.00. The topography is
generally level and no portion of the subject property is located within a 100 year federal
flood hazard zone. The site affords excellent visibility, proximity to services and is centered
within the St. Louis area’s highest income demographic.
There is potentially an additional 6.20 acres that may become available in conjunction with the subject property. This additional acreage is situated immediately to the west
of the subject property with frontage along Spoede Road to the west, Clayton Road to the
south and I-64/Hwy. 40 to the north. This additional acreage is currently residential dwellings and these residences will require individually negotiated offers.
Subject property is currently zoned “R” (Residential). All future development of the
subject property will come under the jurisdiction of the City of Frontenac, Missouri.
SURVEY
DEMOGRAPHICS
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