22008 Hwy Mm Lebanon, MO 65536-9484
This exceptional 99 +/- acre property presents a unique investment opportunity near Lebanon, Missouri. Ideally situated adjacent to the city limits, this expansive land boasts over 80 acres of open pasture or hay ground, perfect for agricultural pursuits or livestock grazing. Multiple ponds enhance the property's aesthetic appeal and provide additional utility. The strategic location offers significant advantages, with road frontage on three sides, maximizing accessibility and potential development options. A particularly compelling feature is the northeast corner's frontage on Interstate 44, providing unparalleled visibility for commercial ventures. This prime location offers excellent potential for a second building, further expanding the possibilities for diverse business uses. The property's versatility makes it suitable for a range of uses, from farming and ranching to commercial development. With its size, location, and diverse features, this property represents a rare opportunity for significant return on investment. The property is located at 22008 Highway MM, Lebanon, MO 65536, in Laclede County. The asking price is $1,800,000.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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