2929 Eastgate AveSpringfield, MO 65803

Property Details for 2929 Eastgate Ave

Year built

1999

Lot size

1.21 AC

Property size (Sq ft)

16,946 SF

Zone code

INC

Property type

Office buildings

APN

88-12-03-205-043

APU

881203205043

Description

This ±16,946 square foot, two-story Class B office building is situated on a 2.77-acre lot in Springfield, Missouri, at 2929 N Eastgate Ave, zip code 65803. The property boasts high visibility from Highway 65 and convenient access to Interstates 44 and 65, offering excellent accessibility. Currently vacant, the building presents a significant opportunity for redevelopment or immediate occupancy. The first floor is finished, while the second floor remains unfinished, providing flexibility for customization to suit various business needs. A substantial parking lot is included, ensuring ample parking for tenants or employees. The property is zoned for General Manufacturing and features two separate APNs: 1203205043 & 1203205042. The asking price is $3,750,000. 2023 Greene County Real Estate Taxes totaled $42,116.81 ($38,018.13 for 2929 N. Eastgate and $4,098.68 for 2827 N. Eastgate). The building was constructed in 1999 and offers a prime location near numerous restaurants and retail establishments. This property represents a compelling investment opportunity in a thriving Springfield commercial corridor.

• CAP approach

  CAP return

  Valuation

  6%

  $3,320,759

  6.5%

  $3,065,316

  7%

  $2,846,365

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,212,147

  Geo Method

  $1,212,147

• Alternative Use

  Use

  Valuation

  Residential

  $3,800,992

  Hospitality

  $3,481,688

  Educational

  $2,896,724

  Medical

  $2,996,347

  Retail

  $4,506,015

Location Insight

City

Springfield

County

Greene

State

Missouri

Latitude

37.247

Longitude

-93.2236

CBSA code

44180

CBSA name

SPRINGFIELD, MO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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