3521 Lone Pne Ave Springfield, MO 65804-4854

Property Details for 3521 Lone Pne Ave

Year built

1937

Lot size

0.20 lot acres

Property size

619 SF

Zone code

INC

Property type

Retail space

APN

88-19-09-203-053

APU

881909203053

Description

This exceptional redevelopment opportunity encompasses a 1.38-acre site in Springfield, Missouri's vibrant Galloway neighborhood, situated across from Sequiota Park on S Lone Pine Avenue. The property consists of three vacant buildings totaling 7,745 square feet on three separate parcels, each potentially purchased individually. The buildings are currently zoned for General Retail and Limited Business uses, presenting a unique chance for mixed-use development incorporating retail and multi-family residential components. The asking price for the entire property is $1,500,000, with individual parcel pricing available: $390,000 for 619 square feet on 0.19 acres, $450,000 for 1,986 square feet on 0.11 acres, and $1,100,000 for 5,140 square feet on 1.07 acres. The property benefits from its proximity to thriving businesses such as 4x4 Brewing Company, Black Lab Coffee, and numerous other restaurants and retail establishments. Furthermore, planned improvements to Galloway Street, with construction starting Summer 2024, are expected to significantly increase traffic flow, enhancing the property's future value and appeal. This is a rare chance to acquire a substantial property in a rapidly developing area with high potential for significant return on investment. The two-story buildings offer flexibility for various uses, making this an ideal opportunity for developers and investors seeking a high-impact project in a desirable location.