Lease to Own
Address
0001 Old 40 Highway Higginsville, MO
Price
$ 525,000
Property Attributes
  • MLS#2313865
  • TypeLand
  • CountyLAFAYETTE
  • CityHigginsville
  • Area210 - Lafayette County - Mo
  • Zip64037
  • StyleLand
  • Taxes71
  • Price$ 525,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size11 Acres
Listing Provided Courtesy Of:
Midwest Land Group LLC
Data Source:
Heartland MLS
Property Description

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 Kleinschmidts 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 youve been looking for guaranteed income, call Bailey Grinde at (308) 675-3639 to schedule a viewing!

Price History
4/8/2021 Listed $525,000

General Features

Association Y/N No
Current Use Agriculture, Commercial, Investment
High School District Higginsville
In Flood Plain No
Possible Use Agricultural, Commercial
Property SubType Land
Property Type Land
Sewer At Site
Standard Status Active
Subdivision Name Other
Terms Cash, Conventional, Other, Private
Zoning Com

Exterior Features

Agriculture Type Grain/Crops
Lot Size Area 11
Lot Size Square Feet 479160
Lot Size Units Acres
Road Surface Type Asphalt
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 64037

Price
AVG $240K
$530K
Taxes
AVG $63
$71
Visits
AVG 34
5

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