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Listed by Ralph Watkins III • Ralph Watkins, Broker
$ 1,500,000
Est. payment | /mo
0.86 Acres Lot
$ 1,500,000
Est. payment | /mo
0.86 Acres Lot
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2557002
Year Built 1900
Annual Tax Amount $17,421
Lot Size 0.861 Acres
Acres 0.86088157
Property Sub-Type Other
Source hmls
Property Description
Fantastic single level commercial w/one large residential unit (on second floor). Property currently has 14 tenants ranging from dentistry, physical therapy to attorneys offices. The property produces an approximate 5.49% Cap Rate with current income and an approximate pro forma Cap Rate of 9.37%!! The property is in excellent condition and has been well kept by the current long term (over 50 years) family/owner. Perfect for the Owner User. Enormous upside for the investor looking to break into the Joplin Commercial/Mixed Use Market!! Watch your ROI soar with the implementation of a RUBS program! Contact broker for Offer Memo.
Location
State MO
County Jasper
Zoning C
Interior
Interior Features In-Law Floorplan
Fireplace N
Exterior
Exterior Feature Building Sign
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available
Building
Story 2
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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