0 Tbd Memory Ln Neosho, MO 64850
This exceptional 15+/- acre undeveloped commercial/industrial land parcel presents a significant investment opportunity in Neosho, Missouri. Boasting excellent visibility from Interstate 49, this property offers unparalleled access via Highway 86, placing it in close proximity to major transportation arteries. The location is strategically situated outside city limits yet enjoys the benefits of its adjacency to I-49, a key advantage for businesses seeking high visibility and convenient access. The seller is open to subdividing the land, providing flexibility for various development scenarios. This rapidly growing area already features established businesses such as Loves Travel Stop and Freightliner at the same interchange, underscoring the area's economic vitality. The property's convenient location also provides easy access to Joplin and Northwest Arkansas, as well as Interstate 44, expanding its market reach. While a survey will be needed as this acreage is part of a larger parcel, the property's potential is undeniable. The seller will impose restrictions prohibiting hog farming, dog kennels, poultry operations, salvage yards, outside storage, and residential development. Road maintenance and improvements (asphalt or chip & seal) will be shared with neighboring property owners until county takeover. A 24-hour first right of refusal is in place. The asking price for this prime development opportunity is $690,000.
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
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.