Commercial Development Land: 36+/- Acres of Highway Development Land Adjacent to Osage National | Lake of the Ozarks, MO (Property C)
This exceptional site adjacent to Osage National is bordered on the west by 3,800 feet of highway frontage (21,095 VPD) and on the south by 650 feet of shoreline on the Osage River. Due to its location and size, the site would be ideal for a mixed use development consisting of retail, office, entertainment, residential, restaurant, and/or hotel uses.
Substantial excavation and grading work has already been completed with material remaining onsite to complete leveling for development. (See cut & fill reports in “Documents” tab). Water and sewer connections are approximately 150 yards beyond the north end of the site and three phase electric is in place. Existing access is via Osage River Bridge Road from Highway 54 near the south end of the site. New owner will need to acquire a reclamation bond as the current bond is non-transferable. (The current bond is approximately $21,000 at $400/yr.)
A TDD (approximately $3-4M) and a TIF District ($21M max) are currently in place. Neither has been activated and no project plan has been approved. NOTE: $7M of accrued expenses have been approved. With a satisfactory purchase price, and in the event the buyer secures an approved Project Plan and payment of the eligible expenditures commences, the buyer will be entitled to an amount of the eligible expenditures equal to 50% of the purchase price of the property, on a pari pasu basis with the seller.
An additional .463 acres at the northwest corner of the site is owned by the state of Missouri. According to the Missouri Department of Transportation, the new owner will have the option to purchase this tract at the same “per foot” price paid at the auction.
12-9.0-29-001-005-001-000 (zoned: Residential Low Density)
12-9.0-29-001-001-001-000 (zoned: Industrial Light)
12-4.0-20-004-004-001-000 (zoned: Residential Low Density)
12-4.0-20-004-001-005-003 (zoned: Residential Low Density)
- 36+/- acres
- Hwy 54 frontage: 3,800 ft
- Osage River shoreline: 650 ft
- VPD: 21,095 (per MODOT 2015 data)
- Adjacent to Osage National Golf Resort
- TDD & TIF in place
- 2016 taxes: $2,265.72
Lake of the Ozarks… A Vibrant Region with a National Draw.
Located equidistant from Kansas City and St. Louis, Missouri, the Lake of the Ozarks was created in 1931 by the damming of the Osage River and resulted in one of the largest and most beautiful man-made lakes in the world. Surrounded by the Ozark Mountains, the Lake is notable for 1,150 miles of shoreline. Sustained population growth over the years supports the significant development of the region as a major second home market and strong tourist/vacation destination. The east side of the lake in particular has seen tremendous real estate development of all types. Interstate access exists in all directions, primarily via Highway 54 which links the various Lake communities and has seen the most extensive development in the region. This prime commercial property is located on Highway 54 in the northeast portion of the Lake area.