762 Scenic AveSpringfield, MO 65802

Property Details for 762 Scenic Ave

Year built

1947

Lot size

0.37 AC

Property size (Sq ft)

1,120 SF

Zone code

INC

Property type

Automotive properties

APN

88-13-22-310-013

APU

881322310013

Description

This exceptional 1,484 square foot warehouse building presents a compelling investment opportunity in Springfield, Missouri. Located at 762 S Scenic Ave, this property boasts a highly desirable location with excellent highway commercial zoning (Highway Commercial). The building is currently vacant, offering immediate occupancy for a new owner or tenant. The property sits on a 0.367-acre lot and features significant street frontage: 106 feet on South Scenic Avenue and 150 feet on West Madison. The building's convenient 58-foot entrance ensures easy access for loading and unloading. The property's assessed value is reflected in the 2023 real estate taxes of $1,872.20. This single-unit warehouse is ideal for a variety of uses, given its size and prime location. The asking price for this turnkey property is $250,000. The property's APN is 1322310013. This is a rare opportunity to acquire a well-situated warehouse in a thriving area of Springfield, Missouri. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $322,631

  6.5%

  $297,813

  7%

  $276,541

• Comparable approach

  Method

  Valuation

  Relative Method

  $201,886

  Geo Method

  $201,886

• Alternative Use

  Use

  Valuation

  Residential

  $251,216

  Hospitality

  $230,113

  Educational

  $191,451

  Medical

  $198,035

  Retail

  $297,813

Location Insight

City

Springfield

County

Greene

State

Missouri

Latitude

37.201

Longitude

-93.3305

CBSA code

44180

CBSA name

SPRINGFIELD, MO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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