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    242 Highway Lake Ozark, MO 65049

    For Sale
    $550,000

    17.7 Acres, Prime Development Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 17.7-acre commercial land parcel presents a remarkable investment opportunity in the thriving Lake Ozark, Missouri market. Located at 242 Hwy W, this property boasts a prime location adjacent to existing residential and commercial developments, indicating strong potential for future growth and high return on investment. The expansive lot size offers significant flexibility for a variety of development projects, including residential or multi-family housing, subject to Lake Ozark city approvals. Its strategic position within a rapidly expanding area, surrounded by other substantial land tracts, suggests significant long-term value appreciation. The property's zoning and development possibilities should be independently verified. The asking price for this exceptional land is $550,000. This presents a unique chance to capitalize on the ongoing expansion and increasing demand in Lake Ozark, a highly desirable area known for its recreational opportunities and robust economy. The property is situated in Miller County, Missouri, with a zip code of 65049, and its coordinates are 38.1986207 latitude and -92.6388016 longitude. Serious inquiries are encouraged to explore the full potential of this exceptional development opportunity. All information is deemed reliable but not guaranteed and should be independently verified.

    Property Features for 242 Highway

    General Information

    Property type
    Land
    Lot Size
    771,012 SF

    HighLights

    • 17.7‑acre commercial land parcel in Lake Ozark, MO, ideal for development.
    • Prime location near existing commercial and residential areas, offering high ROI potential.
    • Zoned for various projects (residential, multi‑family), subject to city approvals.
    • Asking price: $550,000.
    • Located at 242 Hwy W, Miller County, MO, 65049 (38.1986207, -92.6388016).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Clothing Store Nail Salon Hotel & Motel Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Ozark
    County
    Miller
    State
    Missouri
    Longitude
    -92.6388016
    Latitude
    38.1986207

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    FAQs

    What type of property is this?
    Land - 17.7 Acres, Prime Development Site
    Where is this land located?
    The property is located at 242 Highway Lake Ozark, MO.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: 17.7-acre commercial land parcel in Lake Ozark, MO, ideal for development.; Prime location near existing commercial and residential areas, offering high ROI potential.; Zoned for various projects (residential, multi-family), subject to city approvals.
    Request Owner's contact information
    242 Highway Lake Ozark, MO 65049
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    Lake Ozark, MO 65049
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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
    242 Highway Lake Ozark, MO 65049
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