47 Hwy, Warrenton, MO 63383
This exceptional 5.6-acre commercial land parcel in Warrenton, Missouri, presents a remarkable investment opportunity. Located on North Highway 47 and Ash, this C-2 zoned property boasts over 1,000 feet of road frontage, ensuring high visibility and accessibility. The site benefits from existing utilities, making development seamless. Its strategic location is further enhanced by its proximity to a newly approved 242-unit apartment complex and an adjacent site slated for a new elementary school, resulting from the passage of Proposition 3 in Warren County R-III. This development will significantly increase traffic and demand in the immediate area. The property is only a mile from the Warrenton Athletic Complex, adding to its appeal. Surrounding properties include a mix of established and new residential developments, as well as farmland, suggesting a dynamic and growing community. The property's versatility allows for various commercial uses, including a convenience store, strip center, or mixed-use development. Newly installed sidewalks further enhance the property's appeal and pedestrian accessibility. This is a rare opportunity to acquire prime commercial acreage in a rapidly developing area. The asking price is $345,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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