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Listed by Adam Graddy Keller Williams
$ 450,000
Est. payment | /mo
2 Baths
3,034 SqFt
$ 450,000
Est. payment | /mo
2 Baths
3,034 SqFt
Key Details
Property Type Commercial
Sub Type Commercial Sale
Listing Status Active
Purchase Type For Sale
Square Footage 3,034 sqft
Price per Sqft $148
MLS Listing ID SOM60297382
Full Baths 2
Year Built 1984
Annual Tax Amount $8,315
Tax Year 2024
Lot Size 0.740 Acres
Acres 0.74
Property Sub-Type Commercial Sale
Property Description
Prime commercial opportunity in high-traffic corridor! This 3,034 SF freestanding retail/restaurant building is ideally situated on a 0.74-acre signalized corner lot along Glenstone Ave--one of Springfield's busiest thoroughfares with daily traffic counts exceeding 32,000 VPD. Zoned HC, this property offers maximum exposure and accessibility with three ingress/egress points and full drive-thru capability. The building is serviced by three HVAC units and has access to gas, electric, public water/sewer, and high-speed internet. Site offers ample surface parking and features a new HVAC. Purcell Tire has a 3-year lease with (3) 3-year extensions, with 2.5% increases each year. First year rent is $42,000 NNN annually. Offered at a 9.3 CAP rate. Don't miss this high-visibility, high-impact commercial asset in a thriving part of Springfield.
Location
State MO
County Greene
Zoning INC
Interior
Heating Forced Air, Natural Gas
Cooling Electric, Central Air
Fireplace N
Exterior
Parking Features 20+ Spaces, Parking Area
Fence Partial
Utilities Available Sewer Available, High Speed Internet, Natural Gas Available, Electricity Available, Water Available
Waterfront Description None
View City
Roof Type Composition
Garage No
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Westgate Realty
Broker | License ID: 2019046646