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    5051 Lakewood Way Lee's Summit, MO 64064

    For Sale
    $900,000

    High-Visibility Corner Lot, I-470 Access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 1.37-acre commercial lot is ideally situated at the corner of Bowlin and Lakewood Way in Lee's Summit, Missouri, offering unparalleled visibility from Interstate 470. The property's prime location at the entrance to Blue Springs Marina and its proximity to affluent neighborhoods like Lakewood, Monticello, and Oaks Ridge Meadows makes it exceptionally well-suited for a variety of commercial ventures. The high-end residential developments surrounding the lot ensure a strong customer base for businesses such as restaurants or bars. This is a rare opportunity to acquire a significant commercial parcel in a thriving area with excellent access to major transportation routes. The property is zoned for commercial use (specific zoning information should be independently verified). The asking price for this exceptional property is $900,000. The address is 5051 NE Lakewood Way, Lee's Summit, MO 64064. This is a ground-level lot, presenting a blank canvas for development. Given its location and visibility, this lot presents a compelling investment opportunity with significant potential for return. Serious inquiries are encouraged to explore this unique commercial property.

    Property Features for 5051 Lakewood Way

    General Information

    Property type
    Specialty properties
    Lot Size
    59,677 SF

    HighLights

    • 1.37‑acre commercial lot in Lee's Summit, MO, at the corner of Bowlin and Lakewood Way.
    • High visibility from Interstate 470 and prime location at the entrance to Blue Springs Marina.
    • Surrounded by affluent neighborhoods (Lakewood, Monticello, Oaks Ridge Meadows), ideal for restaurants or bars.
    • Zoned for commercial use (verify zoning independently).
    • Asking price: $900,000; Address: 5051 NE Lakewood Way, Lee's Summit, MO 64064.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Lee's Summit
    County
    Jackson
    State
    Missouri
    Longitude
    -94.353486
    Latitude
    39.003831

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    FAQs

    What type of property is this?
    Specialty property - High-Visibility Corner Lot, I-470 Access
    Where is this specialty property located?
    The property is located at 5051 Lakewood Way Lee's Summit, MO.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: 1.37-acre commercial lot in Lee's Summit, MO, at the corner of Bowlin and Lakewood Way.; High visibility from Interstate 470 and prime location at the entrance to Blue Springs Marina.; Surrounded by affluent neighborhoods (Lakewood, Monticello, Oaks Ridge Meadows), ideal for restaurants or bars.
    Request Owner's contact information
    5051 Lakewood Way Lee's Summit, MO 64064
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    Lee's Summit, MO 64064
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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
    5051 Lakewood Way Lee's Summit, MO 64064
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