Everyone knows that in real estate, it’s ‘location, location, location’, but what else? When it comes to commercial property investments, there are a lot of other factors that go into play that makes one location better than another. Should you choose to purchase industrial property, you have to decide whether or not to locate in your headquarter city or to move your operations to a more economically attractive city.
Research The Business Community
it’s best to look in areas that are experiencing high growth. Be sure to perform a thorough evaluation of the neighborhood where the commercial or industrial property is located. Research the area, talk with the locals, visit the property multiple times in the day to get an idea of the property’s potential.
Joplin’s strong business foundation is comprised of a skilled labor force, easy transportation access, reasonable operating costs and local government that proactively seeks new business to the area as well as continues to work with existing businesses to retain and grow their business.
The Joplin Metro area’s position for serving national markets is equal to Chicago or Kansas City, with 5.2 million people that can be reached within a 150-mile radius, Interstate 40 and 44 (east-west) and Interstate 49 (north-south connect to every region in the country).
Make Sure That You Have All the Right Information
There are a few basic pieces of information that you need to have when searching for property:
* Property type (multi-family, industrial, office, etc.)
* Price range
When you find a property that you’re interested in, you want to gather as much information as possible about it.
* Who owns the property
* When the property was purchased by the previous owner
* How much they paid for the property
* Information related to the deed and title
* Who owns the mortgage
* Parcel information
* Any relevant building information
The more information you can gather about a property, the better. This data will help you determine whether or not the property is a good investment. For example, if the property has a building on it that was newly constructed, you can be fairly certain that the structure won’t need major repairs or renovations anytime in the near future. This will keep your maintenance costs low, and help you see a higher return.
Not only does Wildwood Ranch boast exceptional highway accessibility, but the site is also within 110 miles of four airports that serve the region, providing commercial and cargo service to markets worldwide. Add that to the railroad access, Burlington Northern Santa-Fe railroad is on-site with tie-ins to Missouri Northern Arkansas and Kansas City Southern railroad within a few short miles, and you realize Wildwood Ranch Industrial Park gives you opportunities to reach every market in the world.
Contact our land developers in Joplin MO for more details on commercial land for sale, residential land for sale, and industrial land for sale in Missouri today!