3951 W Chestnut Expy - Springfield 65802, Greene County

74418
For Sale
$598,000
Commercial
Land Only
Pending

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Land Information

6.60 Acres
Public Water, Septic
Paved Road, Highway Road
Partially Wooded, Mostly Flat

Tax Information

881317314043 & 881317314047
$1,425.00 (This property qualifies for an ag exemption.)
West Chestnut Expressway
Willard R-II Independent School District
(a) 4001: Parcel # 881317314043 JUNCTION CITY AMD W 80 FT LOT 61 & BEG 80 FT E SW COR LOT 61 N 630 FT E 69 FT S 630 FT W TO BEG (EX HWY) http://beacon.schneidercorp.com/Application.aspx?AppID=328&LayerID=3509&PageTypeID=4&PageID=2306&Q=243936153&KeyValue=881317314043 (b) 4003: Parcel # 881317314047 JUNCTION CITY LOT 60 (EX NEW R/W) http://beacon.schneidercorp.com/Application.aspx?AppID=328&LayerID=3509&PageTypeID=4&PageID=2306&Q=2066502024&KeyValue=881317314047

Additional Information

Cash, FHA
YouTube: http://www.youtube.com/watch?v=wA4pUSTIsqo

Property website with Chat: http://u.newplans.com/78643

Market changing 28% REDUCTION! Was $835K. Reduced $237K to $598K. 6.6 acres. 964’ frontage including 481’ on I44B/West Chestnut Expressway. ZONED Highway Commercial AND Residential Medium Density. 18,867 traffic count. Outstanding multi-family potential. Closest competitor 3-MI SE. No competitors between location and airport or PIC West. Adjacent parcels available. Best West Chestnut EXPWY inside Loop pricing. Detention In. Excellent demographics. Significant retail demand. Great schools. George Alexander, Broker Associate, Missouri Team Leader. 5% BBC.


3 OFFERINGS

4001 West Chestnut Expressway. REDUCED 30%. 481' frontage. Zoned H-C: 2.9 ac. Was $499K. Reduced $150K. Now $349K! 5% BBC

4003 West Chestnut Expressway. REDUCED 26%. Adjacent on Walnut ST. 482’ frontage. Zoned R-MD. Approved for up to 107 units. 3.6 ac. Was $336K. Reduced $87K. Now $249K! 5% BBC

Both: 6.6 ac. REDUCED 28%. Was $835K. Reduced $237K. Now $598K! 5% BBC


OWNER IS A REAL ESTATE BROKER

The owner, Julie Broadbent, CCIM, is a licensed Missouri Broker. She is also the Broker of Record.


CONTACT

Contact George at 979.421.9996 or missouri@southwestpartners.com to set up an appointment or answer questions.


5% BUYER BROKER COMMISSION

Buyer Broker/Realtor does NOT have to accompany their buyer to ANY showings.


HIGHLIGHTS

(1) REDUCED 28%. Was $835K now $598K. 6.6 acres. 964’ frontage including 481’ on W Chestnut EXPWY. Zoned H-C & R-MD. 5% BBC, 18,867 traffic count

Reduced 30%. Was $499K now $349K. 2.9 acres. 481’ W Chestnut EXPWY frontage. Zoned H-C. 5% BBC, 18,867 traffic count

Reduced 26%. Was $336K now $249K. 3.69 acres. 482’ Billings ST frontage. Zoned R-MD. 5% BBC, 18,867 traffic count

(2) Outstanding multi-family potential. No competitors within 3-MI. 585 new units projected by 2016 Census. Adjacent tracts available

(3) Enhanced Enterprise Zone, potential local and State incentives

(4) 2 mi. to regional Airport and 400 acre industrial park; 7 colleges w/37K students, 20 major employers w/20K employees within 5 mi.

(5) In very high performing Willard R-II ISD with elementary students attending the newest school in the district

(6) 5-min. drive vs. Benchmarks*, highest projected annual % growth in: population, households, families, $100K+ & $250K incomes

* Benchmarks: Census Tract, 1, 3 and 5-mile radii, 10 and 15-minute drive-times, 65802 Zip Code, City of Springfield and Greene County


HIGHEST AND BEST USES

(7) Multi-family

(a) Nearest major competitors located 3-MI SE near downtown

(b) No major competitors W to Airport

(c) No major competitors NW to PIC West

(8) 3-MI radius key demographic indicators from CCIM using Census data

(a) 585 NEW renter occupied units projected to be built in the area by 2016

(b) 1.18% annual population growth vs. 0.48% for State and 0.67% for US

(c) 1.30% annual household growth vs. 0.55% for State and 0.71% for US

(d) 0.98% annual family growth vs. 0.36% for State and 0.57% for US

(9) Retail unmet annual potential revenues from local residents NOT traffic

(a) Unmet demand at 5-min. drive: Top 3 opportunities avg. $6.4M+ and top 5 avg $4.9M+

(b) Top opportunities:

# 1 auto dealer $8.5M+

# 2 Food & beverages $7.3M+

# 3 Clothing & accessories $3.5M+

# 4 Health & personal care $3.0M+

# 5 Furniture & home furnishings $2.0M+


MLS SITES

Austin MLS (ABOR): http://www.austinhomesearch.com/commercial-for-sale/MO/Other/65802/4005-W-ChestnutI44B-W-76506423/popup

Houston MLS other than residential (Commgate): http://www.commgate.com/index.cfm?fuseaction=property.detailFS&ln=216957

Houston residential MLS (HAR): 94090224

South Central Texas MLS (TXLS): https://txls.com/texas-real-estate/3951-W-Chestnut-Expy-Springfield-TX-65802/74418


MAJOR REAL ESTATE SITES

HGTV Front Door:

LoopNet: http://www.loopnet.com/lid/17595839

LoopNet website viewable by anyone: http://www.crelisting.net/SYV7Zv41g

Harmon Homes:

Homes & Land:

Land & Farm:

Lands of America: http://www.landsofamerica.com/land-for-sale/7-acres-in-Greene-County-Missouri/id/976991

Lands of Missouri: http://www.landsofmissouri.com/land-for-sale/7-acres-in-Greene-County-Missouri/id/976991

Texas Alliance of Land Brokers:

The Real Estate Book:


SOCIAL MEDIA SITES

Blogger Blogspot YouTube:

Blogger Blogspot dedicated website:

Facebook:

Google +:

Linked In:

Pinterest:

Word Press YouTube:

Word Press dedicated website:


PROPERTY SITES

Newplans photo gallery with Chat: http://output.newplans.com/Outputs/Project_15185/gallery.html

Newplans interactive with Chat:

Offering narrative: https://docs.google.com/open?id=0ByakRiW7NS1dMTVNOWE5WUpfQzg

Google map: http://goo.gl/maps/cA48

Bing map: http://binged.it/MqM88Y



ABOR (Austin MLS): 4318639


SCHOOL SITES

Willard R-II Independent School District: http://www.greatschools.org/missouri/willard/Willard-R_II-School-District/schools/

Greatschools Willard R-2 ISD: http://www.willard.k12.mo.us/


PROPERTY DATA

(10) Land: 6.60 acres total

(a) 4001: 2.91 acres

(b) 4003: 3.69 acres

(11) Frontage: 964.27’

(a) 4001: 481.66’ on W Chestnut (I44B)

(b) 4003: 482.61’ on Billings ST including future extension

(12) Zoning

(a) 4001: Highway-Commercial (H-C) http://www.springfieldmo.gov/zoning/pdfs/ZO_100710.pdf#page=204

(b) 4003: Residential-Medium Density (R-MD) http://www.springfieldmo.gov/zoning/pdfs/ZO_100710.pdf#page=154

(13) Detention: In on-site and off-site

(14) Utilities: All City utilities in place

(15) In City limits? Yes

(16) In MUD? No

(17) Elevation: 1,249’ to 1,264' EST. sloping gently up from Highway grade

(18) % in flood plain

(a) 4001: 17% EST.

(b) 4003: 15% EST.

(19) School district: Willard R-II Independent School District

(20) Legal

(a) 4001: Parcel # 881317314043 JUNCTION CITY AMD W 80 FT LOT 61 & BEG 80 FT E SW COR LOT 61 N 630 FT E 69 FT S 630 FT W TO BEG (EX HWY)
http://beacon.schneidercorp.com/Application.aspx?AppID=328&LayerID=3509&PageTypeID=4&PageID=2306&Q=243936153&KeyValue=881317314043

(b) 4003: Parcel # 881317314047 JUNCTION CITY LOT 60 (EX NEW R/W)
http://beacon.schneidercorp.com/Application.aspx?AppID=328&LayerID=3509&PageTypeID=4&PageID=2306&Q=2066502024&KeyValue=881317314047

(21) Minerals: None

NOTE: All measurements from Greene County or Property Survey unless "EST." EST. represents our estimates.


LOCATION

(22) Inside Loop on West Chestnut Expressway (I44 Business)

(23) Easy I44 access

(a) 1.3 mi. to I44 and Chestnut EXPY

(b) 2.7 mi. to I44 and US160 N

(c) 4.9 mi. to I44 and James River Freeway

(d) 9.8 mi. to I44 and US65 N

(24) Springfield accolades from Springfield Chamber of Commerce

(a) Forbes Magazine: Top Place for Business & Careers

(b) Inc. Magazine: Top 20 Mid-Sized City for Entrepreneurs

(c) Milken Institute: Top 50 Best Performing City

(d) America’s Promise: 100 Best Community for Young People

(e) Biz Journals: Top 40 Best Quality of Life

(f) Entrepreneur Magazine: Top 10 Hot City for Entrepreneurs

(g) Expansion Management: Top 12 Metros for Recruitment & Attraction

(h) Expansion Management Magazine: 5-Star Quality of Life

(i) National Geographic Adventure Magazine: Top 50 Adventure Towns

(j) World Health Organization: “Safe Community” designation


SCHOOLS AND SCHOOL DISTRICT REVIEW

(25) Summary: All 4 schools attend received 8 of 10 “Distinguished” GreatSchools rating, and either 4 or 5 Stars GreatSchools community rating

(26) Willard R-II Independent School District 7 schools, 4,095 students

8 of 10 “Distinguished” GreatSchools rating

(27) Willard East Elementary School (PK-4) 625 students

(a) 8 of 10 “Distinguished” GreatSchools rating

(b) 4 of 5 Stars GreatSchools Community Rating

(28) Willard Intermediate School (5-6) 625 students

(a) 8 of 10 “Distinguished” GreatSchools rating

(b) 5 of 5 Stars GreatSchools Community Rating

(29) Willard Middle School (7-8) 629 students

(a) 8 of 10 “Distinguished” GreatSchools rating

(b) 5 of 5 Stars GreatSchools Community Rating

(30) Willard High School (9-12) 1,220 students

(a) 8 of 10 “Distinguished” GreatSchools rating

(b) 4 of 5 Stars GreatSchools Community Rating


DEMOGRAPHICS & ECONOMETRICS

(31) Benchmarks

(a) Census Tract

(b) 1, 3 and 5-mile radii

(c) 10 and 15-minute drive-times

(d) 65802 Zip Code

(e) City of Springfield

(f) Greene County

(32) Baseline: 5-minute drive time

(33) Highest %:

(a) 0-9 years old

(b) 44+ years old

(c) Married and living together

(d) single family homes

(34) Highest annual % growth in

(a) Population

(b) Households

(c) Families

(d) Avg. home values

(e) Median home values

(f) $100K+ household (HH) incomes

(g) $250K+ HH incomes

(h) Median HH incomes

(35) Lowest %

(a) Homes for rent

(b) Single family attached homes

(c) Low density (3-49) multi-family homes

(d) medium density (50+) multifamily homes

(e) Less than $25K HH incomes


CCIM REPORTS AND LISTING ANALYSIS

(36) CCIM reports: 2,138 underlying CCIM reports available on request

(37) Defined and published source data: Unless noted all data from Certified Commercial Investment Member (CCIM) Institute


AREA SITES

Wikipedia: http://en.wikipedia.org/wiki/Springfield,_Missouri

City of Springfield: http://www.springfieldmo.gov/home/home.jsp#page=page-1

Springfield Convention and Visitors Bureau: http://www.springfieldmo.org/

Springfield Area Chamber of Commerce: http://www.springfieldchamber.com/

Springfield Economic Development Corporation: http://www.springfieldchamber.com/no_cache/economic_development/


DISCLOSURES & COPYRIGHTS

Southwest Partners is an affiliate of Alexander Tiffany Southwest, LLC. Analysis is preliminary, based on proprietary systems and models, is time sensitive and based on assumptions-stated and unstated. Graphics are only renderings. Measurements are only estimates. No warranties are expressed or implied. All content is protected by copyright laws, is only for prospects or legal representatives, and should not replace buyers own due diligence and analysis. Any other use is prohibited.

CONTACT

Contact George at 979.421.9996 or missouri@southwestpartners.com to set up an appointment or answer questions.
1.3 mi. east of I44 and West Chestnut EXPY interchange