4229 Frederick Ave - Restaurant FOR SALE


Saint Joseph, MO 64506
$1,800,000 USD
816-262-6210
4229 Frederick Ave, Saint Joseph, MO for Sale
$1,800,000 USD
Restaurant - FOR SALE
1/25
null | Request Cap Rate

4229 Frederick Ave
Saint Joseph, MO 64506


HIGHLIGHTS

  • This property is highly visible and immediately off interstate I 29.
  • Adjacent to a brand new Quik Trip under construction

OVERVIEW

This property is highly visible and off the North East side of interstate I 29.  It is located at one of the busiest intersections in town and across the street from a new QuikTrip.  It has a very tall and prominent powered signpost, that is grandfathered in. Completely landscaped and ~75 parking spots including handicapped spaces. It sits on 1.51 acres and has 5196 sq ft with 2000 sq ft completely finished space with extensive plumbing present.  Handicapped curb, door, bathrooms, and parking spaces present. Completely refurbished electric, gas, security, fiber, HVACs (3 large rooftop), plumbing in 2014. Grease trap present. Immediately north on Buckingham is a development currently under way. April 15, 2025 it was announced in the local press that: "City Council have approved a resolution of intent to issue a $60 million bond to develop an Event Center. The entire project would bring 249 new hotel rooms, new fitness centers, lobby bars, restaurants and pools to a 7.7-acre site at the southeast corner of Woodbine Road and Frederick Avenue, which previously was occupied by the former Ramada Inn, Americas Value Inn and Applebee’s. One of the two proposed hotels on the property is an 88,000-square-foot Hilton-brand hotel, which would be named the Robidoux House, paying homage to St. Joseph's history. Adjacent to it is the Robidoux Event Center, which includes more than 12,000 square feet of event and ballroom space for 600 guests, along with lawn and patio space for outdoor events. "That should be able to handle almost all of your large events," Craig said. "It will also have the largest LED signage of any convention space in the country." The goal is to have the facilities available by next June or July to accommodate visitors for the 2026 World Cup, with Kansas City being one of 16 host cities in North America. The second proposed hotel on the property will be a 94,000-square-foot SpringHill Suites facility operated by Marriott International. The all-suites hotel brand targets business and leisure travelers." This development on the south west corner of I-29 and Frederick has already broken ground and will make the 4229 Frederick property highly desirable. 4229 was previously a restaurant, then used as a medical office.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$346 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

70

LAND DETAILS

LAND ACRES

1.51 AC

LAND SF

65,776 SF

ZONING

C1 Neighborhood

APN/PARCEL ID

06-1.0-02-004-002-015.000

ASK ABOUT THIS PROPERTY

Kenneth ShewellCasper Realty LLCMore Info
816-262-6210

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Kenneth ShewellCasper Realty LLCMore Info
816-262-6210

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.