REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Penny Swearingin Highland Realty
$ 500,000
Est. payment | /mo
5 Baths
2,389 SqFt
$ 500,000
Est. payment | /mo
5 Baths
2,389 SqFt
Key Details
Property Type Commercial
Sub Type Commercial Sale
Listing Status Active
Purchase Type For Sale
Square Footage 2,389 sqft
Price per Sqft $209
Subdivision Elmwood Park
MLS Listing ID SOM60289637
Full Baths 5
Year Built 2006
Annual Tax Amount $3,432
Tax Year 2023
Lot Size 0.340 Acres
Acres 0.34
Lot Dimensions 100X150
Property Sub-Type Commercial Sale
Property Description
The opportunity to invest in a fully occupied retail and office building situated in a high-traffic area presents a compelling prospect for discerning investors. This property has undergone extensive renovations, ensuring that all interior elements, including new flooring, fresh paint, and updated walls, meet modern standards and aesthetic appeal. The addition of a new bathroom of the five total enhances functionality, catering to both retail and office tenants, while also contributing to tenant satisfaction. The building's recent upgrades extend beyond its interior, with the parking lot meticulously sealed and painted to enhance both safety and visual appeal. Moreover, the installation of new wiring ensures compliance with contemporary electrical standards, providing peace of mind for tenants and contributing to lower maintenance costs. Occupying a strategic location with high foot and vehicle traffic, this property not only allows steady rental income from its fully occupied tenants but also the potential appreciation in property value over time. The combination of desirable features and prime location positions this investment as a lucrative opportunity in today's market, emphasizing both immediate cash flow and long-term growth. Thus, this retail/office building stands as a distinguished asset for investors seeking stability in a vibrant commercial environment.
Location
State MO
County Polk
Interior
Heating Electric
Cooling Electric, Central Air
Fireplace N
Exterior
Utilities Available Sewer Available, Electricity Available, Water Available
Waterfront Description None
View City
Roof Type Metal
Garage No
GET MORE INFORMATION
Westgate Realty
Broker | License ID: 2019046646