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    70 & Rte Z - Columbia, MO 65202

    Sponsored
    For Sale
    $566,280

    Prime 1.3-acre commercial lot, ideal for QSR or hotel.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.3-acre commercial land parcel is strategically located at the intersection of Interstate 70 and Route Z in Centertown, Missouri, zip code 65202. Priced at $566,280, this property offers a unique investment opportunity with a land value of $10 per square foot. The lot is situated in Cole County, near Columbia, MO, and benefits from immediate access to high-traffic Interstate 70 via the Route Z exit. The site is ready for development, having been platted and rough-graded. Utilities are conveniently located at or near the property. This location boasts significant advantages, including adjacency to a recently constructed, high-traffic gas station and convenience store. The property's commercial zoning makes it perfectly suited for quick-service restaurants (QSRs) or hotel development, capitalizing on the high visibility and accessibility afforded by its prime location. This is a rare opportunity to acquire a fully prepared commercial lot in a high-growth area with excellent visibility and immediate access to a major interstate highway.

    Property Features for 70 & Rte Z -

    General Information

    Property type
    Land
    Lot Size
    56,628 SF

    HighLights

    • 1.3‑acre commercial lot platted and rough‑graded.
    • Utilities available at or near the site.
    • Commercially zoned, adjacent to a new, high‑traffic gas station and convenience store.
    • Ideal for QSR or hotel development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Dental Office Hotel & Motel Kitchen & Bath Daycare Center Bakery Travel Agency Bed & Breakfast

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Cole
    State
    Missouri
    Longitude
    -92.203961
    Latitude
    38.9610315

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    FAQs

    What type of property is this?
    Land - Prime 1.3-acre commercial lot, ideal for QSR or hotel.
    Where is this land located?
    The property is located at 70 & Rte Z - Columbia, MO.
    What is the asking price?
    The asking price for this property is $566,280.
    What are key features of this property?
    This property features: 1.3-acre commercial lot platted and rough-graded.; Utilities available at or near the site.; Commercially zoned, adjacent to a new, high-traffic gas station and convenience store.
    Request Owner's contact information
    70 & Rte Z - Columbia, MO 65202
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    70 & Rte Z - Columbia, MO 65202
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