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$450,000
Est. payment /mo
2 Baths
0.74 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID SOM60297382
Full Baths 2
Year Built 1984
Annual Tax Amount $8,315
Tax Year 2024
Lot Size 0.740 Acres
Acres 0.74
Property Sub-Type Retail
Source somo
Property Description
Prime commercial opportunity in high-traffic corridor! This 3,034 SF freestanding retail/restaurant building is ideally situated on a 0.74-acre signalized corner lot along Glenstone Ave--one of Springfield's busiest thoroughfares with daily traffic counts exceeding 32,000 VPD. Zoned HC, this property offers maximum exposure and accessibility with three ingress/egress points and full drive-thru capability. The building is serviced by three HVAC units and has access to gas, electric, public water/sewer, and high-speed internet. Site offers ample surface parking and features a new HVAC. Purcell Tire has a 3-year lease with (3) 3-year extensions, with 2.5% increases each year. First year rent is $42,000 NNN annually. Offered at a 9.3 CAP rate. Don't miss this high-visibility, high-impact commercial asset in a thriving part of Springfield.
Location
State MO
County Greene
Area 3034
Zoning INC
Direction Located on the corner of Glenstone and Commercial Street.
Interior
Heating Forced Air, Natural Gas
Cooling Electric, Central Air
Fireplace No
Heat Source Forced Air, Natural Gas
Exterior
Parking Features 20+ Spaces, Parking Area
Fence Partial
Utilities Available Sewer Available, High Speed Internet, Natural Gas Available, Electricity Available, Water Available
Waterfront Description None
View City
Roof Type Composition
Others
Miscellaneous Private Restrooms
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Listed by Adam Graddy Keller Williams