1630 Republic. Springfield, MO 65807
This exceptional 1.515-acre commercial lot, located at 1630 W. Republic Rd., Lot 3, Springfield, MO 65807, presents a unique investment opportunity. Zoned O-1 Office with a Conditional Overlay District, this property boasts a strategic location near numerous national and local retailers, restaurants, and the Southwest Springfield professional business district. Its proximity to the James River Freeway and Kansas Expressway ensures excellent accessibility. The asking price is $397,500, or $7 per square foot, for a total of 66,000 square feet. Note that the purchase price excludes the costs associated with a required administrative replat, which includes extending the sewer main a short distance to the property. This prime location is directly east of the new VA Hospital, offering significant potential for future development. The property's size and zoning make it ideal for a variety of office uses. Interested parties should be aware of the necessary replatting and associated costs before making an offer. This is a rare opportunity to acquire a well-situated commercial lot in a thriving area of Springfield, Missouri. Further details are available upon request.
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
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.