2260 Boring Ln Springfield, MO 65802
Exceptional investment opportunity: 67.04 acres of land in Springfield, Missouri, strategically located with railway frontage. This property boasts a blend of agricultural and industrial zoning, offering diverse development potential. Approximately 70% of the land is cleared pasture, while 30% is wooded, featuring mature walnut trees and other valuable timber. Access is provided via paved Farm Road 116 and Boring Lane. The property includes a spring-fed pond, historically significant as a water source along the Trail of Tears. Two parcels comprise the total acreage (APN 88-12-11-100-006 and 88-12-02-400-005). While existing residential structures and outbuildings are not included in the sale, the seller will retain possession post-closing to facilitate relocation. This presents a unique chance to acquire a sizable tract with railway access, ideal for various commercial or industrial ventures, while also preserving a piece of local history. The asking price is $4,000,000, and the sale is structured for a 1031 exchange. The property is zoned for agricultural use.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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