4003 W Chestnut Expy - Springfield 65802, Greene County

75929
For Sale
$244,020
Commercial
Land Only
Active

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Land Information

3.69 Acres
$0.00
None
Public Water, Sewer
Paved Road, County Road
Restricted

Tax Information

881317314047
$1,250.00
Inside Loop I44B/W Chestnut Expy
Willard R-II Independent School District
Legal: Parcel # 881317314047 JUNCTION CITY LOT 60 (EX NEW R/W) Link: http://beacon.schneidercorp.com/Application.aspx?AppID=328&LayerID=3509&PageTypeID=4&PageID=2306&Q=2066502024&KeyValue=881317314047

Additional Information

Cash, Conventional, FHA, VA
Property Website: http://www.swpre.com/listing/Young-Lilley-Condos/

Collaborative CLOUD Listing with CCIM Owner Broker. Was $333,000. Now $244,020. 3.69 ac. 242’ frontage. Detention In. Zoned R-MD up to 107 units. No multi-family in 3 MI. Great schools. Compared to Benchmarks*, 5 MIN drive-time has highest % increases in population, income & high incomes. Benchmark housing indicators: highest % single family homes, highest % increase in values, lowest % homes for rent and lowest % multi-family homes. Adjacent 2.9 ac zoned H-C w/ 481’ on W Chestnut EXPY for sale.

3 OFFERINGS

Young/Lilley Condos. 4003 W Chestnut EXPY. REDUCED 26%. Adjacent with 242’ Billings ST frontage. Zoned R-MD. Approved for up to 107 units. 3.69 ac. Was $333,000. Now $244,020 US or $1.60 US per SF.

Young/Lilley Pavilion: 4001 W Chestnut EXPY. REDUCED 30%. 481' frontage. Zoned H-C: 2.91 ac. Was $499,000. Now $342,020 US or $2.70 US per SF.

Young/Lilley Commons. The Pavilion & Condo offerings combined. 6.9 acres. Was $835,000. Now $586,040 US or $2.19 US per SF.

OWNER IS A REAL ESTATE BROKER

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

CONTACT

COLLABORATIVE CLOUD LISTING® with Julie Broadbent, CCIM, Owner Broker. Listing Managers are the RAINMAKERS® of Southwest Partners® & Global Partners International Realty®. Contact the RAINMAKERS® at 1+ 979.421.9996 or therainmakers@swpre.com.

Southwest Partners® & Global Partners International Realty® COLLABORATIVE CLOUD LISTING® Team members include George Verar, MBA, CPA, Collaborative Broker Associate, Nasir Bajwa, MA, CCIM, CPM, Collaborative Broker Associate, George Alexander, MA, Staff Broker Associate and RAINMAKER® Recruiter and Diane Alexander, MBA, CEO, Broker of Record, Listing Team Leader.

BUYER BROKER COMMISSION

3% Buyer Broker Commission. Buyer Broker/Realtor does NOT have to accompany their buyer to ANY showings to earn commission. Property visits do NOT have to be accompanied.

HIGHLIGHTS

(1) CCIM Owner-Broker. Was $333K now $244,020. 3.6 acres. 242’ frontage. Zoned R-MD. Enhanced Enterprise Zone, potential govt. incentives

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

(3) Unmet retail gap at 5 MIN drive-time, top 3 opportunities avg. $4.8M+, top 5 avg $3.9M+, top 10 avg. $2.7M+

(4) 5-min. drive vs. Benchmarks*, highest projected annual % growth in: population, home values, $100K+ & $250K incomes

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

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

Benchmarks*: Census Tract; 1, 3 & 5-MI; 10 & 15 MIN drive-times; 65802; Springfield; Greene County

PROPERTY DATA

(7) Land: 3.69 acres

(8) Frontage: 242’ on Billings ST (482.61’ once Billings ST extension is completed0 per survey

(9) Zoning: Residential-Medium Density (R-MD) up to 33 units per acre

Link: http://www.springfieldmo.gov/zoning/pdfs/ZO_100710.pdf#page=154

(10) Maximum units: 107

(11) Potential government incentives

Enhanced Enterprise Zone
Multiple potential City, County and State incentives

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

(13) Utilities: All City utilities in place

(14) In City limits? Yes

(15) In MUD? No

(16) Elevation: 1,259’ to 1,264' EST. sloping gently up from south to north

(17) % in flood plain: 6% EST

(18) School District: Willard R-II Independent School District

(19) Legal: Parcel # 881317314047 JUNCTION CITY LOT 60 (EX NEW R/W)

Link:
http://beacon.schneidercorp.com/Application.aspx?AppID=328&LayerID=3509&PageTypeID=4&PageID=2306&Q=2066502024&KeyValue=881317314047

(20) Minerals: None

NOTE: All measurements from Appraisal District or Survey unless "EST". “EST” are our estimates.

LOCATION

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

(22) Across W Chestnut EXPY from Young/Lilley Park: Popular local 2 acre park with 7/10th MI walking fitness trail

Link: http://missouri.sierraclub.org/wrg/local/kg/kg_pg_86.html

(23) Easy I44 access

1.3 mi. to I44 and Chestnut EXPY
2.7 mi. to I44 and US160 N
4.9 mi. to I44 and James River Freeway
9.8 mi. to I44 and US65 N

(24) Springfield accolades from Springfield Chamber of Commerce

Forbes Magazine: Top Place for Business & Careers
Inc. Magazine: Top 20 Mid-Sized City for Entrepreneurs
Milken Institute: Top 50 Best Performing City
America’s Promise: 100 Best Community for Young People
Biz Journals: Top 40 Best Quality of Life
Entrepreneur Magazine: Top 10 Hot City for Entrepreneurs
Expansion Management: Top 12 Metros for Recruitment & Attraction and 5-Star Quality of Life
National Geographic Adventure Magazine: Top 50 Adventure Towns
World Health Organization: “Safe Community” designation

HIGHEST AND BEST USES

(25) Multi-family

585 NEW renter occupied units projected to be built by 2016
Nearest major competitors located 3-MI SE near downtown
No major competitors W to Airport
No major competitors NW to PIC West

(26) Retail: Several specific retail opportunities defined through Retail Gap analysis

Retail Gap Graphics Pack: http://www.swpre.com/wp-content/uploads/2012/11/Young-Lilley-Pavilion-Retal-Gap-Pack.pdf

RETAIL GAP

(27) Baseline: 5 MIN drive-time

(28) Indicators

Top 3 opportunities avg. $48M+
Top 5 avg $3.9M+
Top 10 avg $2.7M+

(29) Top opportunities:

# 1 auto dealer: $5.4M+
# 2 Food & beverages: $4.5M+
# 3 Groceries: $4.3M+
# 4 Clothing & accessories: $2.9M+
# 5 Clothing: $2.2M+
# 6 General Merchandise: $2M+
# 7 Health & personal care $1.7M+
# 8 Sports, Hobbies & Music: $1.3M+
# 9 Furniture: $1.3M+
# 10 Special Food Services: $1.2M+

Retail Gap Detailed Table: http://www.swpre.com/wp-content/uploads/2012/11/Young-Lilley-Retail-Gap-Table.pdf

SCHOOLS AND SCHOOL DISTRICT REVIEW

Outstanding schools and School District with all schools recently constructed. The School District and all 4 schools attend received 8 of 10 “Distinguished” GreatSchools ratings. 2 of the schools attended received 5 of 5 Stars GreatSchools rating. The other two schools attended received 4 of 5 Stars GreatSchools ratings.

All school data from GreatSchools: http://www.greatschools.org

Details: http://www.swpre.com/wp-content/uploads/2012/11/Young-Lilley-Schools.pdf

DEMOGRAPHICS & ECONOMETRICS

Outstanding indicators for retail and multi-family development. Compared to Benchmarks*, 5 MIN drive-time has highest % increases in population, income and high household (HH) incomes. Same Benchmark comparisons in housing indicators: highest % single family homes, highest % increase in values, lowest % homes for rent and lowest % multi-family homes.

Benchmarks*: Census Tract; 1, 3 & 5-MI; 10 & 15 MIN drive-times; 65802; Springfield; Greene County

Details: http://www.swpre.com/wp-content/uploads/2012/11/Young-Lilley-Demographics.pdf

CCIM REPORTS AND LISTING ANALYSIS

Unless noted all data from Certified Commercial Investment Member (CCIM) Institute. 1,093 underlying CCIM reports are available on request. For your convenience, we now provide many reports in Excel.

DISCLOSURES & COPYRIGHTS

COLLABORATIVE CLOUD LISTING® with Julie Broadbent, CCIM, Owner and Broker of Record. Listing Managers are the RAINMAKERS® of Southwest Partners® & Global Partners International Realty®. Southwest Partners® & Global Partners International Realty® COLLABORATIVE CLOUD LISTING® Team members include George Verar, MBA, CPA, Collaborative Broker Associate, Nasir Bajwa, MA, CCIM, CPM, Collaborative Broker Associate, George Alexander, MA, Staff Broker Associate and RAINMAKER® Recruiter and Diane Alexander, MBA, CEO, Broker of Record, Listing Team Leader.

Southwest Partners® & Global Partners International Realty® are registered trademarks and DBAs of Alexander Tiffany Southwest, LLC. COLLABORATIVE CLOUD LISTING®, RAINMAKER® and RAINMAKERS® are registered trademarks of Alexander Tiffany Southwest, LLC. We support the principles of the Fair Housing Act and the Equal Opportunity Act. The information set forth on this site is based upon information which we consider reliable, but because it has been supplied by third parties to us, we cannot represent that it is accurate or complete, and it should not be relied upon as such. The offerings are subject to errors, omissions, changes, including price, or withdrawal without notice. All dimensions are approximate and have not been verified by the selling party and cannot be verified by us. It is recommended that you hire a professional in the business of determining dimensions, such as an appraiser, architect or civil engineer, to determine such information.

CONTACT

COLLABORATIVE CLOUD LISTING® with Julie Broadbent, CCIM, Owner and Broker of Record. Listing Managers are the RAINMAKERS® of Southwest Partners® & Global Partners International Realty®. Contact the RAINMAKERS® at 1+ 979.421.9996 or therainmakers@swpre.com.

Southwest Partners® & Global Partners International Realty® COLLABORATIVE CLOUD LISTING® Team members include George Verar, MBA, CPA, Collaborative Broker Associate, Nasir Bajwa, MA, CCIM, CPM, Collaborative Broker Associate, George Alexander, MA, Staff Broker Associate and RAINMAKER® Recruiter and Diane Alexander, MBA, CEO, Broker of Record, Listing Team Leader.

(1) Inside Loop on West Chestnut Expressway (I44 Business) (2) Across W Chestnut EXPY from Young/Lilley Park: Popular local 2 acre park with 7/10th MI walking fitness trail Link: http://missouri.sierraclub.org/wrg/local/kg/kg_pg_86.html (3) Easy I44 access 1.3 mi. to I44 and Chestnut EXPY 2.7 mi. to I44 and US160 N 4.9 mi. to I44 and James River Freeway 9.8 mi. to I44 and US65 N