435 E Walnut St - Residential Income FOR SALE


Springfield, MO 65806- Downtown Springfield
$549,000 USD
417-888-3231
435 E Walnut St, Springfield, MO for Sale
$549,000 USD
Residential Income - FOR SALE
1/11
null | Request Cap Rate

435 E Walnut St
Springfield, MO 65806
Downtown Springfield


HIGHLIGHTS

  • Victorian architecture, circa 1881
  • Strong demographics. 40,000 students located in Center City and approximately 25,000 workforce.
  • Period fixtures throughout the premises
  • Desirable landscaping
  • Near MSU, Apartments, student housing restaurants, galleries entertainment venues and major sporting events

OVERVIEW

Victorian-era property (circa 1881) located in Center City near S. Jefferson & E. Walnut. Previously used as mixed office/residential income property. Minutes from Missouri State University main campus, Cardinal Ballpark, Federal Court House, local and State offices,, and Hammons Center for the Preforming  Arts, walking distance to restaurants, art galleries, shopping, theatres, clubs , apartments, office buildings and student housing. Features include high ceilings, wood and new carpeted floors, updated paint and wallpaper, period fireplaces and fixtures, natural light, full kitchen, six bathrooms, and fire alarm pre-wiring. Listed on the National Register of Historic Places since 1984. Property possibly eligible for city, county, state & federal incentive programs.  Many seller improvements have been made over the years including new plumbing, electrical and air conditioning. There are five universities near–by with an enrollment of approximately 40,000 day and evening students. An additional 25,000 people work in the Central Business District. +/-19,000 people live within a 1 mile radius. Pro-Forma available upon request.

FOR SALE DETAILS

PRICE

$549,000 USD

PRICE/SF

$92 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1881

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

CC

APN/PARCEL ID

13-24-240-005

ASK ABOUT THIS PROPERTY

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417-888-3231

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417-888-3231

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