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    242 Highway Lake Ozark, MO 65049

    For Sale
    $950,000

    10.6 Acres, High Visibility, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 10.6-acre commercial land parcel presents a unique investment opportunity in the thriving Lake Ozark, Missouri market. Strategically located on the corner of Highway 242 and Osage Beach Parkway, this property boasts nearly 1,400 feet of highway frontage, ensuring unparalleled visibility for any development. Situated directly across from a movie theater, this location benefits from high traffic counts and excellent exposure to potential customers. The property is commercially zoned and falls within the City of Lake Ozark's Tax Increment Financing (TIF) district, offering potential financial advantages for developers. Water and sewer lines are in close proximity, simplifying infrastructure extension and reducing development costs. Its prime location offers easy access to the Bagnell Dam Strip, and is mere seconds from established businesses such as Menards, Kohls, and Casey's General Store, further enhancing its appeal. The property's high visibility and TIF eligibility make it an ideal site for a variety of commercial ventures, promising significant return on investment. The address is 242 Hwy W, Lake Ozark, MO 65049, in Miller County.

    Property Features for 242 Highway

    General Information

    Property type
    Land
    Lot Size
    461,736 SF

    HighLights

    • 10.6‑acre commercial land parcel in Lake Ozark, MO.
    • High‑traffic corner lot with nearly 1,400 feet of highway frontage on Hwy 242 and Osage Beach Parkway.
    • Excellent visibility; across from a movie theater, near Menards, Kohl's, and Casey's.
    • Commercially zoned and located within a Tax Increment Financing (TIF) district.
    • Utilities readily accessible.
    • Easy access to Bagnell Dam Strip.
    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

    Nearby Similar for Sale

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    • $3,000,000
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    FAQs

    What type of property is this?
    Land - 10.6 Acres, High Visibility, Prime Location
    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 $950,000.
    What are key features of this property?
    This property features: 10.6-acre commercial land parcel in Lake Ozark, MO.; High-traffic corner lot with nearly 1,400 feet of highway frontage on Hwy 242 and Osage Beach Parkway.; Excellent visibility; across from a movie theater, near Menards, Kohl's, and Casey's.
    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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