609 Lincoln St Saint Joseph, MO 64501-1472
This exceptional 98,010 square foot lot in St. Joseph, Missouri, presents a remarkable opportunity for multifamily development. Located at 609 Lincoln Street, this R4-zoned property offers immense potential, situated conveniently near US-59 and I-229 highways for easy accessibility. Previously envisioned as a 48-unit apartment complex (plans available upon request), the site is development-ready, featuring a fenced area with existing usable parking. The property's location just north of Downtown St. Joseph, within city limits, ensures high visibility and desirability. This 2.57-acre parcel is priced at $95,000, making it an attractive investment for developers seeking a prime location for a multifamily project in a thriving Missouri community. The property's zoning and existing infrastructure significantly reduce development hurdles, allowing for a streamlined and efficient construction process. This is a rare chance to acquire a substantial piece of land in a strategic location, poised for significant returns. Don't miss this chance to build your next successful project. The zip code is 64501, and the property is in Buchanan County.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
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Risks
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