1501 Missouri AveMarceline, MO 64658

Property Details for 1501 Missouri Ave

Year built

2013

Lot size

0.77 AC

Property size (Sq ft)

1,408 SF

Property type

Retail space

APN

20-09-29-002-004-001.00

APU

20092900200400100

Description

This exceptional 0.26-acre vacant land parcel presents a remarkable opportunity for commercial development in Marceline, Missouri. Strategically located just off Highway 5, this property enjoys high visibility and significant traffic flow, ideal for attracting customers. The site is ready for immediate development, having already secured Missouri Department of Transportation (MoDOT) approval. A valuable parking lot easement has also been granted by an adjacent business, providing ample parking for any future commercial venture. This prime location is perfect for a variety of businesses, including retail stores, restaurants, or office spaces. The property's convenient access to Highway 5 ensures excellent visibility and accessibility for customers and employees. The asking price for this exceptional commercial land is $45,000. This is a rare chance to acquire a fully permitted and conveniently located lot in a thriving commercial area. Don't miss this chance to establish your business in a high-traffic location with existing infrastructure support. The address is 1501 N Missouri, Marceline, MO 64658, in Linn County.

• CAP approach

  CAP return

  Valuation

  6%

  $387,972

  6.5%

  $358,128

  7%

  $332,548

• Comparable approach

  Method

  Valuation

  Relative Method

  $276,615

  Geo Method

  $276,615

• Alternative Use

  Use

  Valuation

  Residential

  $302,095

  Hospitality

  $276,717

  Educational

  $230,225

  Medical

  $238,143

  Retail

  $358,128

Location Insight

City

Marceline

County

Linn

State

Missouri

Latitude

39.7276

Longitude

-92.9423

Property Tax & Assessments

FAQs

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