404 School St Waynesville, MO 65583
For Sale
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This exceptional investment property, situated on a desirable 0.86-acre corner lot in Waynesville, MO, presents a unique opportunity for redevelopment. The substantial 22,480 square foot brick and concrete building boasts a solid foundation and ample space, previously housing 20 one-bedroom units, 7 two-bedroom units, and 5 additional rooms. Currently undergoing a complete interior gutting, the property offers a clean slate for ambitious investors and developers. The extensive square footage, combined with a large basement, allows for versatile repurposing. Transform this property into modern apartments, stylish office spaces, or a dynamic mixed-use development, catering to the growing needs of the Waynesville community. Its prime location, just a short distance from local parks, entertainment venues, and the vibrant downtown area, ensures high visibility and accessibility. This is a rare chance to acquire a substantial property with significant potential for substantial returns. The existing structure provides a strong base for a creative vision, making this an unparalleled investment opportunity in a thriving Missouri town. The property's size and location make it ideal for a variety of uses, promising a strong return on investment. Don't miss this chance to shape the future of this prime Waynesville location.
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.