Parcel Salem, MO 65560
This exceptional 4-acre commercial parcel, located at 0 W Highway 32 in Salem, Missouri, presents a unique investment opportunity. The property is situated outside city limits, offering flexibility for development. While a survey has not yet been conducted, the seller will commission one at the buyer's expense. The final price will be determined based on the surveyed acreage, at a rate of $53,000 per acre. Both buyer and seller will receive a copy of the completed survey. Importantly, the City of Salem has confirmed that utilities will be accessible once the property is annexed into the city. The buyer will be responsible for securing the necessary utility connections. This presents a chance to acquire a substantial tract of land with significant commercial potential, subject to the completion of a survey and annexation into the city. The property's highway frontage offers excellent visibility and accessibility, making it ideal for a variety of commercial uses. This is a prime opportunity for developers or investors seeking a large, strategically located parcel in a growing area. The price reflects the potential value after surveying and annexation, offering a compelling investment proposition. Act quickly to secure this promising commercial land.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.