3520 Olive St Springfield, MO 65802

Property Details for 3520 Olive St

Lot size

11.53 lot acres

Property type

Commercial real estate

Description

This exceptional 11.53-acre commercial land parcel is ideally situated at the signalized intersection of Olive Street and Eastgate Avenue in Springfield, Missouri, boasting unparalleled visibility and accessibility. Located directly east of Costco Wholesale and other major national retailers, this property benefits from exceptionally high traffic counts, exceeding 33,887 vehicles daily on East Chestnut Expressway and over 60,000 vehicles daily on US Highway 65. The site is zoned Planned Development 298 and a preliminary site layout has already been completed, showcasing the potential for up to 135,000 square feet of buildable space, including a parking garage. This prime location offers immediate access to major thoroughfares, placing your business within easy reach of a substantial customer base. The surrounding area is vibrant, featuring a diverse mix of local and national retailers, restaurants, and other businesses, creating a thriving commercial environment. The asking price is $3,440,000, translating to $6.85 per square foot. Detailed information regarding permitted uses and use restrictions is available upon request. This is a rare opportunity to acquire a highly desirable commercial development site in a rapidly growing market.