0001 Old 40 Highway, Higginsville

$525,000

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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!

Essential Information
MLS® #2313865
Price$525,000
Bathrooms0.00
Acres11.00
TypeLand
Sub-TypeLand
StatusActive
LISTING MAP
Community Information
Address0001 Old 40 Highway
SubdivisionOther
CityHigginsville
CountyLafayette
StateMO
Zip Code64037
School Information
DistrictHigginsville
Additional Information
Date ListedApril 7th, 2021
Days on MarketUnlock
Listing Details
OfficeMidwest Land Group LLC

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Photo of Listing #2313757

0000 Old 40 Highway, Higginsville, MO, 64037

$550,000
Active
Midwest Land Group LLC

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Listing information last updated on April 18th, 2021 at 3:13pm CDT.

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