1774 S Grant Ave - Retail FOR SALE


Springfield, MO 65807- Outer Southwest Springfield
$690,000 USD
417-955-1232
1774 S Grant Ave, Springfield, MO for Sale
$690,000 USD
Retail - FOR SALE
1/34
null | Request Cap Rate

1774 S Grant Ave
Springfield, MO 65807
Outer Southwest Springfield


HIGHLIGHTS

  • 100% Occupied
  • Upside in Rents / Current Rent Escalations
  • Ability to Adjust Tenant Mix

OVERVIEW

Now available, is this newly renovated, 100% occupied, multi-tenant building near the intersection of recently improved Grant Avenue & heavily traveled Sunshine Street. The trade area features many of the household-name national retailers & traffic drivers (Chick Fil-A, McDonald's, Taco Bell, Starbucks, etc.) including Bass Pro Shops headquarters / Wonders of Wildlife Museum just across the street. The property has been a beneficiary of the new Grant Avenue Parkway project which is designed to connect downtown Springfield with Sunshine Street through improved road, bike path, and sidewalk infrastructure. This property in particular has 2 new curb cuts and 140' +/- of frontage along GAP. A City of Springfield traffic study has this area of Sunshine at 36,387 AADT. The building, in years past, has been divided in as many as 7 units all with their own private front door - it is currently allocated as 4 spaces. Extensive interior renovations have been completed. Multiple rent bumps presently negotiated, personal guaranties, landlord favorable lease terms. Zoned Highway Commercial.

FOR SALE DETAILS

PRICE

$690,000 USD

PRICE/SF

$131 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1774 South Grant Ave

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

51

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

HC

APN/PARCEL ID

13-26-419-010

ASK ABOUT THIS PROPERTY

Sam CraftReece CommercialMore Info
417-955-1232

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Sam CraftReece CommercialMore Info
417-955-1232

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