0001 Old 40 Highway $525,000

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    0001 Old 40 Highway Higginsville, MO 64037

    • 11.00 Acres
    • Land
    • MLS# 2313865
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    Views: 139 Days On Site: 293

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    Property Details

    Here is a build site with unlimited potential for your business and immediate ROI, located in Lafayette County, Missouri! Purchase includes 11+/- commercially-zoned acres and 3 income-producing billboard leases. Billboard leases are through 2052, currently bringing in $14,161.65 total annually and an eventual increasing rent scale for $419,145.00 in income over the life of the leases. Landowner pays no property taxes on the billboards, expenses, or upkeep! These acres are right off of I-70 and 13 Highway, a major intersection for commerce with over 26,000 vehicles passing by every day. This property has fantastic visibility from the interstate with the popular Arcadian Moon Vineyard and Kleinschmidt's Western Store as your neighbors, along with several other businesses, gas stations, and a hotel. Accessible by the Higginsville junction, this site is just minutes from well-established cities, such as Warrensburg, Odessa, Concordia, and Higginsville, and only 30 minutes from Blue Springs. ?Electricity and Water hookup is available at the site. Currently, cash rented with well-established tenant in place at $225/acre for even more income. Able to be subdivided. Option to purchase the consecutive Tract 1 and neighboring Tract 3 with even more commercial acreage, billboard leases, and cash rent income. If you've been looking for guaranteed income, call Bailey Grinde at (308) 675-3639 to schedule a viewing!

    • General Features
      • AssociationFee 0
      • Current Use Agriculture, Commercial, Investment
      • Neighborhood Other
    • Property Features
      • Acreage 11
      • RoadSurfaceType Asphalt
      • Water Source Public

    Contact

    T. J. McLaury Real Estate, Inc.

    Office Account

    T. J. McLaury Real Estate, Inc.

    Office: 816-763-8800

    Neighborhood

    64037 (Higginsville) Demographics

    40 Median Age
    57 Population Density (per sq. mile)
    29% College Educated
    $55,726 Estimated Median Income
    1,294 Estimated Total Home Owners
    1,000 Estimated Total Renters
    56% / 44% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    5,806 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $1 Median Sales Price
    4 Homes Sold
    5 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $525,000
        4/8/2021 12:46:00 PM New in Database Source: Multiple Listing Service New Value: $525,000

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        The information displayed on this page is confidential, proprietary, and copyrighted information of Heartland Multiple Listing Service, Inc.(Heartland MLS). Copyright 2022, Heartland Multiple Listing Service, Inc. Heartland MLS and T. J. McLaury Real Estate do not make any warranty or representation concerning the timeliness or accuracy of the information displayed herein. Listing Information last updated 1/26/2022 10:13:05 AM. In consideration for the receipt of the information on this page, the recipient agrees to use the information solely for the private non-commercial purpose of identifying a property in which the recipient has a good faith interest in acquiring. Read Listing Data Terms of Use


        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.