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    3323 32Nd St Joplin, MO 64804

    For Sale
    $2,000,000

    7,500 SF Multi-Tenant Shopping Center

    Property size:
    7,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional value-add opportunity presents a 7,500 square foot multi-tenant shopping center in Joplin, Missouri. Located at 3323 E 32nd St, this Class B property sits on a 2.64-acre lot (APN 20401800000047000) and is zoned for commercial use. Currently, the center has five units with a 40% occupancy rate, presenting a significant redevelopment opportunity for an investor. The property boasts high visibility, situated adjacent to a new 90,000 square foot Menard's store opening in 2023, and benefits from excellent traffic counts, with 32,000 vehicles per day on Rangeline and 16,000 vehicles per day on 32nd Street. Individual unit sizes range from 1,500 to 4,500 square feet, offering flexibility for various retail uses. The asking price is $2,000,000, translating to $266.67 per square foot. This property is ideal for an owner-occupied user seeking to establish a presence in a high-traffic area or an investor looking to capitalize on the redevelopment potential and strong location. The property's strategic location and proximity to a major retailer make it a compelling investment prospect.

    Property Features for 3323 32Nd St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    7,500 SF
    Class
    B
    Lot Size
    114,998 SF

    Building Details

    Buildings
    1
    Units
    5

    HighLights

    • 7,500 SF multi‑tenant shopping center in Joplin, MO with 40% occupancy.
    • Significant redevelopment opportunity on a 2.64‑acre lot.
    • Ideal for owner‑occupancy or investor seeking value‑add potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bowman Enterprises, Inc. Industrial Consultant Natures Systems LLC Vacuum Cleaner Store Stan Bowman Construction ... General Contractor

    Suggested Use

    Realty agency Dental Office Auto Repair Shop Kitchen & Bath Department Store Grocery Store Food Market Daycare Center HVAC Service Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Joplin
    County
    Jasper
    State
    Missouri
    Longitude
    -94.4726133
    Latitude
    37.0555665

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    FAQs

    What type of property is this?
    Lifestyle center - 7,500 SF Multi-Tenant Shopping Center
    Where is this lifestyle center located?
    The property is located at 3323 32Nd St Joplin, MO.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: 7,500 SF multi-tenant shopping center in Joplin, MO with 40% occupancy.; Significant redevelopment opportunity on a 2.64-acre lot.; Ideal for owner-occupancy or investor seeking value-add potential.
    Request Owner's contact information
    3323 32Nd St Joplin, MO 64804
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    Joplin, MO 64804
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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
    3323 32Nd St Joplin, MO 64804
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