Commercial Land in Lee's Summit, Missouri, presents a lucrative investment opportunity for those seeking to capitalize on the city's growing economy. With a population of approximately 100,000 residents, Lee's Summit offers a diverse range of investment options, including Commercial Land, which can be utilized for various purposes such as retail, office, or industrial developments. These properties can provide a steady income stream through rental or lease agreements, making them an attractive option for investors. Lee's Summit's strategic location, with easy access to major highways, including I-470, US 40, US 50, Route 150, Route 291, and Route 350, makes it an ideal spot for businesses and industries. The city's amenities, infrastructure, and education system, including institutions like Longview Community College and the Summit Technology Center, further enhance its appeal. Additionally, Lee's Summit's rich history, cultural events, and attractions, such as the Downtown Days Festival and the Summit Art Festival, make it an attractive destination for residents and visitors alike.
Lee's Summit's Commercial Land offerings provide a unique opportunity to invest in a growing city with a strong economy. With 16 available listings, investors have a range of options to choose from. The average price per square foot for Commercial Land in Lee's Summit is , with an average size of square feet. The largest available property spans 0 square feet. Furthermore, the average cap rate for Commercial Land in Lee's Summit is. In addition to Commercial Land, Lee's Summit also offers other property types, including residential land, office spaces, and retail properties. The city's diverse economy, with major employers in healthcare, education, and transportation, ensures a strong demand for these properties. Overall, Lee's Summit presents a compelling case for investors seeking to capitalize on its growth and development.
What are common commercial uses for land in the Lee's Summit market?
Commercial land in Lee's Summit is commonly used for healthcare facilities, educational institutions, and transportation-related businesses, given the city's strong presence of healthcare providers like Lee's Summit Medical Center and Saint Luke's East Hospital, as well as educational institutions like Longview Community College and the Summit Technology Center.
Additionally, the city's strategic location near major highways and transportation hubs, such as I-470, US 40, and the Lee's Summit Municipal Airport, makes it an attractive location for logistics and distribution centers, warehouses, and other commercial uses that rely on easy access to transportation infrastructure.
What are common ways to purchase land to use in development projects?
When it comes to purchasing land for development projects in Lee's Summit, Missouri, there are several common ways to do so. With 16 available listings of commercial land for sale, investors and developers can explore various options, such as buying land outright, negotiating a lease-to-own agreement, or partnering with a landowner to co-develop a project.
For those new to land development, it's essential to understand the process and benefits of buying land. Our article on how to buy land provides valuable insights and guidance on making a successful land purchase. With the average price per square foot being and average lot sizes ranging from square feet to 0 square feet, Lee's Summit offers a range of opportunities for developers and investors.
