1601 W US Highway 24 | Independence, MO 64050
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1601 W US Highway 24
Independence, MO 64050
Retail Property For Sale
Investment Highlights
- 9% cap rate
- 100% leased
Executive Summary
Multi-tenant retail property with 1,195 sq. ft. divided into 3 fully leased units. Currently generating a Net Operating Income of $21,365 annually, with room for rental increases. The building is in excellent condition, featuring a newly redone roof (2023) and updated storefronts and façade within the last 3 years. Priced at $237,000, this property offers solid income and long-term value in a highly visible location. Perfect for investors looking for a stable, low-maintenance asset.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
1,195 SF
Building Class
C
Year Built
1987
Price
$337,045 CAD
Price Per SF
$282 CAD
Cap Rate
9%
NOI
$30,334 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
0.11 AC
Opportunity Zone
Yes
Zoning
C-2
Parking
7 Spaces (5.86 Spaces per 1,000 SF Leased)
Frontage
102 ft on Independence Ave
PROPERTY TAXES
| Parcel Number | 26-320-04-01-00-0-00-000 | Improvements Assessment | $28,865 CAD |
| Land Assessment | $13,243 CAD | Total Assessment | $42,108 CAD |
PROPERTY TAXES
Parcel Number
26-320-04-01-00-0-00-000
Land Assessment
$13,243 CAD
Improvements Assessment
$28,865 CAD
Total Assessment
$42,108 CAD
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