208 Gay St El Dorado Springs, MO 64744
This exceptional investment opportunity presents a remarkable .38-acre lot situated in the heart of El Dorado Springs, Missouri, at 208 Gay Street, zip code 64744. The property is zoned for high occupancy, making it ideally suited for the development of a multifamily residential structure, such as a duplex or quadplex. Its central location offers unparalleled convenience, placing it in close proximity to the city pool, park, and community center, enhancing its appeal to potential residents. The property's classification includes Apartment Building and Residential designations, reflecting its suitability for multi-unit dwelling construction. Note that this listing for 208 Gay Street is being sold in conjunction with a neighboring property, 209 West Hightower, with the combined lots totaling 0.50 acres. The asking price for this specific .38-acre lot is $12,000. This presents a unique chance to acquire a valuable piece of land in a desirable downtown location with high potential for rental income. The property's coordinates are 37.875754 latitude and -94.0246389 longitude, within Cedar County. Serious inquiries are encouraged.
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.