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    318 Main St Warrensburg, MO 64093

    For Sale
    $399,000

    2.5 Acres, R4 Zoning, Near UCM

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 2.5-acre lot presents a remarkable opportunity for multifamily development in the vibrant city of Warrensburg, Missouri. Located at 318 S Main Street, this property boasts a highly desirable R4 zoning classification, ideal for constructing apartments, townhouses, or even a substantial single-family residence. The land is conveniently situated within walking distance of the University of Central Missouri, ensuring high demand and strong rental potential. Previously occupied by a single-family home, existing water and sewer lines are already in place, significantly reducing infrastructure costs and expediting the development process. The 2.5 acres are mostly cleared, featuring a picturesque wooded tree line, offering both practicality and aesthetic appeal. This prime location in the heart of Warrensburg offers easy access to downtown amenities and the bustling university community. Given its size, zoning, and strategic location, this property represents a compelling investment opportunity with significant upside potential. Don't miss this chance to acquire a highly sought-after development site in a thriving Missouri market. The asking price is $399,000. The property is located in Johnson County, MO, zip code 64093.

    Property Features for 318 Main St

    General Information

    Property type
    Multifamily properties
    Lot Size
    108,900 SF

    HighLights

    • $399,000 asking price.
    • 2.5‑acre lot in Warrensburg, MO.
    • R4 zoning, suitable for apartments, townhouses, or single‑family home.
    • Utilities (water & sewer) already on site.
    • Located near downtown Warrensburg and the University of Central Missouri.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Warrensburg
    County
    Johnson, MO
    State
    Missouri
    Longitude
    -93.7505514
    Latitude
    38.7607452

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    FAQs

    What type of property is this?
    Multifamily property - 2.5 Acres, R4 Zoning, Near UCM
    Where is this multifamily property located?
    The property is located at 318 Main St Warrensburg, MO.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: $399,000 asking price.; 2.5-acre lot in Warrensburg, MO.; R4 zoning, suitable for apartments, townhouses, or single-family home.
    Request Owner's contact information
    318 Main St Warrensburg, MO 64093
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    Warrensburg, MO 64093
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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
    318 Main St Warrensburg, MO 64093
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