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    501 Broadway Columbia, MO 65201

    Sponsored
    For Sale
    $1,700,000

    Prime Broadway location, 3,200 sq ft, $1.7M

    Property size:
    3,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This freestanding executive office building, located at 501 E. Broadway in Columbia, Missouri, offers a unique investment opportunity. The 3,200 square foot property sits on a 0.38-acre lot and is zoned M-DT. Previously a bank branch, this building presents excellent adaptive reuse potential for a variety of businesses. Its prime location on Broadway boasts high pedestrian and vehicle traffic, providing exceptional visibility. The property is within blocks of the University of Missouri, city/county government facilities, and Columbia's finance/banking district. The building itself comprises 2,100 square feet, complemented by an 1,100 square foot covered drive-through area. The sale includes use of the exterior improvements and parking lot. A long-term tenancy with a credit tenant is desired. The asking price is $1,700,000. Note that a deed restriction prohibits future occupancy by banks or financial institutions until 2032. Rental rates are on a triple net (NNN) basis.

    Property Features for 501 Broadway

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,200 SF
    Lot Size
    16,553 SF

    HighLights

    • Freestanding building with multi‑lane drive‑thru on Broadway in downtown Columbia.
    • Former bank branch, adaptable for various businesses.
    • High visibility, excellent pedestrian and vehicle traffic.
    • Prime location near University of Missouri, government facilities, and financial district.
    • 2,100 SF building with 1,100 SF covered drive‑thru area.
    • Includes exterior improvements and parking lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commerce Bank Bank ATM Atm

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Boone
    State
    Missouri
    Longitude
    -92.3313686
    Latitude
    38.9519649

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    FAQs

    What type of property is this?
    Individual retail property - Prime Broadway location, 3,200 sq ft, $1.7M
    Where is this individual retail property located?
    The property is located at 501 Broadway Columbia, MO.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: Freestanding building with multi-lane drive-thru on Broadway in downtown Columbia.; Former bank branch, adaptable for various businesses.; High visibility, excellent pedestrian and vehicle traffic.
    Request Owner's contact information
    501 Broadway Columbia, MO 65201
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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
    501 Broadway Columbia, MO 65201
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