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GLOBAL Partners MISSOURI & Coldwell Banker Commercial Vanguard.
Best multi-family development opportunity in Springfield, 13.28 acres zoned for multi-family, 29 units per acre, minimal competition, high demand, great school and demographics, inside Loop, just off W Chestnut Expressway, $1.08M ($1.87 SF) US 3% BBC
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Coldwell Banker Commercial Vanguard is the Broker of Record. Wally Nattinger and Mark Patrick are the Client Team Leaders. Global Partners MISSOURI is managing this CLOUD listing through a Strategic STAR MAKER Agreement.
CONTACT INFORMATION
Call George Alexander at 01.979.421.9996 or email to set up an appointment, request additional information or answer any questions.
OWNER IS A REAL ESTATE BROKER
The owner is a real estate broker. In this offering, he is ...
The owner is a real estate broker. In this offering, he is a client and not participating in the listing or commissions.
5% BUYER BROKER COMMISSION UNLESS BUYER BROKER IS BLACK LISTED
A buyer broker does NOT have to accompany their buyer to any showings unless on the Broker is Black Listed.
Black Listed Brokers are Brokers identified by other Brokers who have provided documents substantiating the Broker puts their financial interest ahead of their clients including negative treatment of Buyer Brokers.
In those circumstances, 1% buyer broker commissions are payable by Seller. All Black List Brokers must negotiate with their buyers for any buyer broker commissions above the 1% payable by Seller and the listing agreement buyer broker commissions payable by Seller will be reduced to 1%.
HIGHLIGHTS
(1) GLOBAL Partners MISSOURI & CBC Vanguard offering best Springfield MF site at $1.08M ($1.87 SF) US 5% BBC
(2) 13.28 acres zoned for 29 units per acre; inside Loop; just off Chestnut EXPW; 2 mi. to Airport, industrial park 7 colleges; minutes to downtown
(3) Only one significant competitor in NW Springfield, high demand, great schools and superior demographics
(4) In Enhanced Enterprise Zone, potential City, County and State incentives
(5) In very high performing Willard R-II ISD with elementary students attending the newest school in the district
(6) 5-min. drive vs. Benchmarks*, highest projected annual % growth in: population, households, families, $100K+ & $250K incomes
*Benchmarks include: Census Tract; 1, 3 and 5-mile radiuses; 10 and 15-minute drive-times; 65802 zip code; City of Springfield; and Greene County
PROPERTY
(7) Land: 13.28 acres or 578,476 SF
(8) Zoning: R-MD up to 29 units per acre
(9) Zoning summary: "Section 4-1300. R-MD - Medium-Density Multi-Family Residential District. 4-1301. Purpose. The R-MD District is intended to accommodate multi-family developments at densities up to approximately twenty-nine (29) units per acre, and would accommodate typical garden apartment development..."
(10) Utilities: All City utilities in place
(11) In City limits? Yes
(12) In MUD? No
(13) School district: Willard R-II Independent School District
(14) Legal: Parcel # 881317402004: 13.28A M/L N 36 FT SW1/4 SE1/4 & NW1/4 SE1/4 S OF RR 17/29/22 (EX NEW ST R/W)
LOCATION
(15) Just off W Chestnut EXPY (I44 Business): Inside the loop on north side of Chestnut
(16) Easy I44 access: 1.4 mi. to I44 and Chestnut EXPY, 2.7 mi. to I44 and US160 N, 4.9 mi. to I44 and James River Freeway, 9.8 mi. to I44 and US65 N
(17) Springfield key rankings from Springfield Chamber of Commerce
(a) Americas Promise: 100 Best Community for Young People
(b) Biz Journals: Top 40 Best Quality of Life
(c) Entrepreneur Magazine: Top 10 Hot City for Entrepreneurs
(d) Expansion Management: Top 12 Metros for Recruitment & Attraction
(e) Expansion Management Magazine: 5-Star Quality of Life
(f) Forbes Magazine: Top Place for Business & Careers
(g) Inc. Magazine: Top 20 Mid-Sized City for Entrepreneurs
(h) Milken Institute: Top 50 Best Performing City
(i) National Geographic Adventure Magazine: Top 50 Adventure Towns
(j) World Health Organization: Safe Community designation
SCHOOLS AND SCHOOL DISTRICT REVIEW
(18) Summary: The District and all schools have high GreatSchools and parent ratings
(19) Willard R-II Independent School District
(a) The #'s: 7 schools, 4,095 students with 14:1 student/teacher ratio
(b) 8 of 10 GreatSchools rating: Of 7 school districts within 15-miles, 5 scored lower and none scored higher
(20) Willard East Elementary School (PK-4)
(a) The #s: 625 students with 14:1 student teacher ratio
(b) 8 of 10 GreatSchools rating: Of 25 elementary schools within 10-miles, 21 scored lower and NONE scored higher
(c) Distinguished GreatSchools recognition: Among few public elementary schools in Missouri to receive a distinguished GreatSchools Rating
(21) Willard Intermediate School (5-6)
(a) The #'s: 625 students with 16:1 student teacher ratio
(b) GreatSchools rating: Of 25 intermediate schools within 15-miles 21 scored lower and only 2 scored higher
(c) Distinguished GreatSchools recognition: Among the few public intermediate schools in Missouri to receive a distinguished GreatSchools Rating
(22) Willard Middle School (7-8)
(a) The #'s: 629 students with 16:1 student teacher ratio
(b) 8 of 10 GreatSchools rating: Of 25 middle schools within 15-miles, 20 scored lower and only 2 scored higher
(c) Distinguished GreatSchools recognition: Among the few public middle schools in Missouri to receive a distinguished GreatSchools Rating
(23) Willard High School (9-12)
(a) The #'s: 1,220 students with 18:1 student teacher ratio
(b) 8 of 10 GreatSchools rating: Of 25 high schools within 15-miles, 18 scored lower and only 2 scored higher
(c) Distinguished GreatSchools recognition: Among the few public high schools in Missouri to receive a distinguished GreatSchools Rating
DEMOGRAPHICS & ECONOMETRICS
(24) Benchmarks include: Census Tract; 1, 3 and 5-mile radiuses; 10 and 15-minute drive-times; 65802 zip code; City of Springfield; and Greene County.
(25) Baseline: Standard CCIM metro 5-minute drive time
(26) Highest %
(a) 0-9 years old
(b) 45 years old and older
(c) Married and living together
(d) Construction employees
(e) Transportation employees
(f) Single family detached homes
(g) $100K-$150 household net worth
(27) Highest annual % growth
(a) Population growth
(b) Household growth
(c) Family growth
(d) Home values
(e) $100K+ household incomes
(f) $250K+ household incomes
(28) Highest avg./median
(a) Avg. home values
(b) Median home values
(c) Median household income
(29) Lowest %
(a) Homes for rent
(b) Single family attached homes
(c) Low density (3-49) multi-family homes
(d) Medium density (50+) multifamily homes
(e) Less than $25K household incomes
(30) Lowest leverage indicators
(a)Avg. mortgage / avg. household income
(b) Median mortgage / median household income
CCIM REPORTS AND LISTING ANALYSIS
Certified Commercial Investment Member (CCIM) Institute reports: 2,138 utilized and available on request
CBC Southwest packs: 11 packs available on request
Defined and published source data: Unless noted all data from CCIM
DISCLOSURES & COPYRIGHTS
Global Partners MISSOURI is a Division of Global Partners. Global Partners is an affiliate of Alexander Tiffany, LLC & Alexander Tiffany Southwest, LLC. Analysis is preliminary, based on proprietary systems and models, is time sensitive and based on assumptions-stated and unstated. Graphics are only renderings. Measurements are only estimates. No warranties are expressed or implied. All content is protected by copyright laws, is only for prospects or legal representatives, and should not replace buyers own due diligence and analysis. Any other use is prohibited.