4011 West Chestnut Expressway - Springfield 65802, Greene County

79886
For Sale
$218,559
Commercial
Land Only
Active

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Land Information

3.51 Acres
$0.00
None
Public Water, Sewer
Paved Road, Highway Road
Mostly Flat
Agricultural Lease

Tax Information

881317314066
$275.00 (This property qualifies for an ag exemption.)
Junction City
Willard R-II Independent School District
PIDN 881317314066: JUNCTION CITY AMD BEG 304.33 FT N SW COR LOT 60 E 481.97 FT N 335.98 FT W 149 FT S 20 FT W 330 FT S TO BEG

Additional Information

Cash, Conventional, Owner Financing, FHA, VA

LoopNet Viewable by Anyone: http://www.crelisting.net/Mru454j0g
Listing Website: http://www.swpre.com/listing/w-chestnut-multi-family/
YouTube: http://youtu.be/PRfdpdO410s
Facebook: https://www.facebook.com/SpringfieldMultiFamilyOwnerFinWasFSBOReduced

OWNER FINANCING. MULTI-FAMILY up to 107 units. REDUCED $30K. Build to Suit. Was FSBO. Government Incentives available. In Enhanced Enterprise Zone. 3.51 total acres /153,209 SF / $1.43 gross SF. Net usable: 72,853 SF / 1.67 acres/ $3.00 net usable SF. Detention in on & off-site. 24,000 traffic. 244 feet frontage. Curb cut. Priced below 2 adjacent comps. Excellent demographics for new multi-family at 5 minute drive-time. Excellent schools. Elementary School newest in District. Owner is a CCIM, Broker. 5% Buyer Broker Commission. Was $248,559 now $218,559.

OWNER FINANCING AND BUILD TO SUIT OPTIONS

Submit proposed terms, plan/concept and provide credit information for confidential consideration.

BUYER BROKER COMMISSION

5% Buyer Broker Commission. Buyer Broker/Realtor does NOT have to accompany buyer to ANY showings. No appointment required.

OWNER IS A REAL ESTATE BROKER

Owner is a real estate broker and the broker of record.

CONTACT

DIANE ALEXANDER, MBA, Broker, Team Leader, RAINMAKER. Southwest Partners & Global Partners International Realty. M 713.591.9902. O 979.421.9996. diane@swpre.com. http://www.swpre.com/?agent=diane.

OFFERINGS

Tract 1: 2.91 Acres Zoned Highway-Commercial (H-C). Reduced $100,000 to $244,512 ($4 per net usable SF). 61,128 net usable SF. 481' frontage. W Chestnut curb cut. http://www.swpre.com/listing/w-chestnut-hwy-commercial/

Tract 2: 3.51 Acres Zoned Multi-Family Medium Density up to 107 units (R-MD). Reduced $30,000 to $218,559 ($3 per net usable SF). Priced below 2 multi-family tracts on same street that just closed. 72,853 net usable SF. 242’ Billings ST frontage.
http://www.swpre.com/listing/w-chestnut-multi-family/

Both Tracts 6.42 Acres. Reduced $130,000 to $463,071 ($3.46 per net usable SF). 133,981 net usable SF. http://www.swpre.com/listing/west-chestnut-commons/

HIGHLIGHTS

(1) Multi-Family up to 107 units. Owner Finance. Build to Suit. REDUCED $30,000. Was FSBO. 24,000 traffic. 244; frontage. 3.51 acres. Curb cut

(2) Adjacent 2.91 ac. Highway Commercial. 481’ front. Curb cut. Reduced $100K. Great demographics & retail gap. Enhanced Enterprise Zone 5% BBC

(3) Combined offering. 6.51 acres. Reduced $130,000 to $463,071 ($3.46 per net usable SF). 133,981 net usable SF. 5% BBC

(4) 5-MIN drive-time vs. Benchmarks*, has higher projected annual % growth in: population, home values, $100K+ & $250K+ household incomes

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

(6) In very high performing Willard R-II ISD. Elementary students attend newest school in the District

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

PROPERTY

(7) PDF Sets

Pictures: http://www.swpre.com/wp-content/uploads/2013/07/WCMF-Pictures.pdf
Satellites, Maps & Graphics: http://www.swpre.com/wp-content/uploads/2013/07/WCMF-Satellites-Maps-Graphics.pdf

PDF Sets Available “UN-Branded” On Request

(8) Address: No address on Billings ST

(9) Coordinates: 37.212832,-93.359177

(10) Land: 3.51 acres /153,209 SF. Net usable: 72,853 SF / 1.67 acres

(11) Frontage: 242.64’ EST current on Billings ST (482.61’ when extension completed)

(12) Zoning: Residential-Medium Density http://www.springfieldmo.gov/zoning/pdfs/ZO_100710.pdf#page=154

(13) Potential Government Incentives

Enhanced Enterprise Zone
Various Cities, County & State Incentives
http://www.business4springfield.com/site-selection-location/incentives-financing/

(14) Detention: on-site and off-site

(15) Utilities: All City utilities in place

(16) In City limits? Yes

(17) In MUD? No

(18) Elevations

NW Corner: 1,248 EST
NE Corner: 1,259 EST
SW Corner: 1,248 EST
SE Corner: 1,256 EST

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

(20) Legal: PIDN 881317314066: JUNCTION CITY AMD BEG 304.33 FT N SW COR LOT 60 E 481.97 FT N 335.98 FT W 149 FT S 20 FT W 330 FT S TO BEG

(21) Minerals: None

NOTE: All measurements from Appraisal District or Survey unless EST. EST is our estimate.

LOCATION

(22) Google Map: http://goo.gl/maps/6AEgB

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

(24) Across from Young/Lilley Park: Popular local 2 acre park with 7/10th MI walking fitness trail http://missouri.sierraclub.org/wrg/local/kg/kg_pg_86.html

(25) 1.3 MI to I44

(26) Distances to Key Intersections

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

(27) Springfield Accolades

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

SCHOOLS AND SCHOOL DISTRICT REVIEW

(28) Summary: Outstanding schools and School District. All schools recently constructed. The District & all 4 schools attend received 8 of 10 “Distinguished” GreatSchools ratings. Two schools received 5 of 5 Stars and 2 schools received 4 of 5 Stars GreatSchools ratings.

(29) Willard R-II Independent School District

7 schools, 4,095 students
8 of 10 “Distinguished” GreatSchools rating

(30) Willard East Elementary School (PK-4)

625 students
8 of 10 “Distinguished” GreatSchools rating
4 of 5 Stars GreatSchools Community Rating

(31) Willard Intermediate School (5-6)

625 students
8 of 10 “Distinguished” GreatSchools rating
5 of 5 Stars GreatSchools Community Rating

(32) Willard Middle School (7-8)

629 students
8 of 10 “Distinguished” GreatSchools rating
5 of 5 Stars GreatSchools Community Rating

(33) Willard High School (9-12)

1,220 students
8 of 10 “Distinguished” GreatSchools rating
4 of 5 Stars GreatSchools Community Rating

DEMOGRAPHICS & ECONOMETRICS

(34) Summary: Outstanding indicators for retail and multi-family development. We compared the 5 MIN drive-time to several Benchmarks*. The 5 MIN drive-time demographics have higher % increases in: population, income, single family homes & home values. And the 5 MIN drive-time demographics have the lowest %: homes for rent and multi-family homes.

(35) Baseline: 5-MIN drive-time

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

(37) Baseline Compared to All Benchmarks*

Basic Demographics

Highest % annual population growth
Highest % less than 10 years old
Highest % at least 45 years old
Highest % married & living together

Income

Highest % annual growth in $100K+ household (HH) incomes
Highest % annual growth in $250K+ HH incomes
Highest % annual growth in median HH incomes
Lowest % under $25K HH incomes

Housing

Lowest % homes for rent
Lowest % single family attached homes
Lowest % low density (3-49 units) multifamily homes
Lowest % medium density (50-99 unit) multifamily homes
Highest % single family homes
Highest % annual growth in home values

Note: All data for 2010. 2012 CCIM updates available upon request.

CCIM REPORTS AND LISTING ANALYSIS

Unless noted all data from Certified Commercial Investment Member (CCIM) Institute. 1,184 underlying CCIM reports are available on request. For your convenience, we now provide many reports in Excel.

Available CCIM Reports: http://www.swpre.com/wp-content/uploads/2013/04/Available-CCIM-Reports.pdf

DISCLOSURES & COPYRIGHTS

Southwest Partners & Global Partners International Realty are registered trademarks and DBAs of Alexander Tiffany Southwest, LLC. RAINMAKER is a registered trademark 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

DIANE ALEXANDER, MBA, Broker, Team Leader, RAINMAKER. Southwest Partners & Global Partners International Realty. M 713.591.9902. O 979.421.9996. diane@swpre.com. http://www.swpre.com/?agent=diane.
1.4 MI E of I44/I44B interchange and 3.5 M W of downtown Springfield on W Chestnut EXPY (I44B)