3603 Frederick Ave Saint Joseph, MO 64506
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Multi-Tenant Value-Add Opportunity
Property size:
27,225 SFProperty Features for 3603 Frederick Ave
General Information
- Property type
- Individual retail properties
- Square Feet
- 27,225 SF
- Lot Size
- 57,499 SF
Building Details
- Buildings
- 3
- Stories
- 2
Listing Agency: BHHS Stein & Summers Listing Agent: Raymond Sisson
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional value-add retail investment property, located at 3603 Frederick Ave in St. Joseph, Missouri (zip code 64506), offers a compelling opportunity. The property consists of three buildings totaling 27,225 square feet on a 1.32-acre lot, zoned C-3. Currently boasting 67% occupancy with two tenants, the property features a net lease structure with approximately three years remaining on existing leases (expiring January 31, 2026). The asking price is $1,425,000, representing a price per square foot of $52.34 and a 7.02% cap rate, with a current NOI of $100,000. The main level comprises 23,085 square feet, with an additional 4,140 square feet of lower-level space accessible at grade level in two connected buildings on the west side. The east side building offers 13,400 square feet with high ceilings and a sprinkler system. Convenient features include a dock, overhead door off 36th Street, and a freight elevator. This property presents a strong value-add opportunity in a prime location near the intersection of Belt Highway and Frederick Avenue. The buildings are two stories.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Freedom Church
Church
Location Insight
- Map
- Local Demand
- City
- Saint Joseph
- County
- Buchanan
- State
- Missouri
- Longitude
- -94.805819
- Latitude
- 39.777543
Nearby Similar for Sale
FAQs
What type of property is this?
Individual retail property - Multi-Tenant Value-Add Opportunity
Where is this individual retail property located?
The property is located at 3603 Frederick Ave Saint Joseph, MO.
What is the asking price?
The asking price for this property is $1,425,000.
What are key features of this property?
This property features: Located near the intersection of Belt Highway and Frederick Avenue in St. Joseph, MO.; 27,225 square feet total; 23,085 square feet on the main level.; Features a dock, overhead door on 36th Street, and freight elevator.