Property profile

587 State Highway B Springfield, MO 65802

OFF-MARKET
Land
26.13 ac lot
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Property summary

AI-generated overview

This exceptional 26.13-acre commercial land parcel presents a unique investment opportunity in Springfield, Missouri. Strategically located on State Highway B, less than two miles north of the new Amazon distribution facility and Convoy of Hope on Highway MM, this property boasts unparalleled visibility and accessibility. The site enjoys high traffic counts, with nearly 38,000 vehicles traversing Interstate 44 daily, ensuring maximum exposure for any development. Currently zoned C-3 and A-1, the property offers flexibility for a wide range of commercial uses. Its expansive size allows for substantial development potential, and the seller is open to dividing the land into smaller tracts at a revised price per acre, catering to diverse investment strategies. The property's location near major transportation arteries and established businesses makes it an ideal site for a variety of commercial ventures, offering significant long-term growth potential. The address is 587 S State Hwy B, Springfield, MO 65802, in Greene County. This is a rare opportunity to acquire a prime commercial land holding in a rapidly growing area. The asking price is $217,800 per acre.

Property profile

Verified
Property type Land
Lot 26.13 ac (1,138,223 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

587 State Highway B Springfield, MO 65802
Springfield metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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