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Key Details
Sold Price $350,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 2472289
Sold Date 04/07/25
Annual Tax Amount $4,500
Lot Size 0.725 Acres
Acres 0.7248393
Property Sub-Type Retail
Source hmls
Property Description
Offering this 10 unit mixed use asset with significant value add and development potential at $50K/door! 5 residential and 5 commercial spaces. Rehab the large residential spaces and occupy at market rates. Commercial spaces can be rented with triple net leases allowing an owner's costs to be 100% covered by the tenant! Hair Salon, mechanic shop, coffee shop and laundromat are a few explored ideas for the commercial spaces. Whether it's a business owner looking to run their own business and earn some cash flow, an investor holding for the long term, or a flipper looking to earn substantial returns post rehab, the options are endless.
Bonus: Large parcel of land included. Land can be used to develop several multifamily units or an additional mixed use asset. Located in an opportunity zone, tax credits and city funding could be utilized to further enhance one's return!
Location
State MO
County Jackson
Zoning Retail
Interior
Interior Features In-Law Floorplan, Private Restroom, Public Restroom
Fireplace N
Exterior
Utilities Available Service - 220v
Building
Story 2
Others
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
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