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Property profile & analytics
FOR SALE
Multifamily properties

404 School St Waynesville, MO 65583

0.86 ac lot Built 1941
Property ID
US48-1334221
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Multifamily properties
Year built 1941
Lot 0.86 ac (37,462 SF)
UPID US48-1334221
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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