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    1340 Old Highway 40 Odessa, MO 64076

    Sponsored
    For Sale
    $1,100,000

    31,060 SF Vacant Building, High Potential

    Property size:
    31,060 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 31,060-square-foot vacant building presents a compelling value-add investment opportunity in Odessa, Missouri. Located at 1340 E Old Hwy 40, this Class B, single-story structure sits on 5-7 acres and boasts a 16-foot ceiling height. Built in 1995, the property is zoned C3, allowing for diverse uses including convenience store, grocery store, restaurant, industrial, office, and retail. With eight units and ample parking (four spaces per key), this property offers significant flexibility. The building features direct I-70 access and monument signage, enhancing visibility and accessibility. Currently vacant with an occupancy date of October 30, 2024, this property offers a blank canvas for a savvy investor to maximize its potential. The asking price is $1,100,000 ($35.42/sq ft). The property is 100% owned, with no ground lease. There are no loading docks. This is a prime opportunity to capitalize on the growing Odessa market. The property is part of a larger plaza with five additional buildings available. The potential for significant rent bumps is present.

    Property Features for 1340 Old Highway 40

    General Information

    Property type
    Restaurants
    Square Feet
    31,060 SF
    Class
    B
    Lot Size
    217,800 SF

    Building Details

    Year Built
    1995
    Buildings
    1
    Stories
    1
    Units
    8

    HighLights

    • $1,100,000 asking price for a 31,060 square foot vacant building in Odessa, MO.
    • Value‑add investment opportunity with a Class B designation.
    • Located at 1340 E Old Hwy 40, Odessa, MO 64076, on a 5‑7 acre lot.
    • Features 16‑foot ceilings and 4 parking spaces per key.
    • Suitable for various uses including industrial, retail, office, and self‑storage, zoned C3.
    • Single‑story building constructed in 1995 with eight units.
    Property Profile Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Wholesale Shop Nail Salon Hotel & Motel Gym & Fitness Auto Parts Store Storage Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Lafayette
    State
    Missouri
    Longitude
    -93.973022161973
    Latitude
    39.00592884374

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    FAQs

    What type of property is this?
    Restaurant - 31,060 SF Vacant Building, High Potential
    Where is this restaurant located?
    The property is located at 1340 Old Highway 40 Odessa, MO.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: $1,100,000 asking price for a 31,060 square foot vacant building in Odessa, MO.; Value-add investment opportunity with a Class B designation.; Located at 1340 E Old Hwy 40, Odessa, MO 64076, on a 5-7 acre lot.
    Request Owner's contact information
    1340 Old Highway 40 Odessa, MO 64076
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    Odessa, MO 64076
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1340 Old Highway 40 Odessa, MO 64076
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