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    311 Patton Ave Springfield, MO 65806

    For Sale
    $1,500,000

    Prime Springfield location, two-building complex, high potential.

    Property size:
    13,625 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional investment opportunity presents a unique blend of retail and residential potential in the heart of Springfield, Missouri. Located at 311 South Patton Avenue, this property encompasses two buildings totaling 13,625 square feet on a 0.27-acre lot, zoned Center City (CC). The asking price is $1,500,000, translating to $110 per square foot. The land value also calculates to $110 per square foot. Currently, the property boasts a 50% occupancy rate with a modified lease structure. One building, formerly known as Zan the Club, is a well-maintained, two-story nightclub currently vacant. The adjacent building at 313 South Patton Avenue is a bar/pub with a kitchen, currently leased to "The Dive on Patton." This property offers significant upside potential for a savvy investor looking to capitalize on a prime downtown Springfield location. The property's central location between Walnut and McDaniel Streets provides excellent visibility and accessibility. The existing tenant provides immediate cash flow, while the vacant building presents an opportunity for lease-up or redevelopment. This is a rare chance to acquire a substantial property in a thriving Missouri market. The property's multi-tenancy structure offers flexibility and diversification of income streams. Serious inquiries are encouraged.

    Property Features for 311 Patton Ave

    General Information

    Property type
    Restaurants
    Square Feet
    13,625 SF
    Lot Size
    11,761 SF

    Building Details

    Buildings
    2
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Zan The Club Night Club

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.2935581
    Latitude
    37.207923

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    FAQs

    What type of property is this?
    Restaurant - Prime Springfield location, two-building complex, high potential.
    Where is this restaurant located?
    The property is located at 311 Patton Ave Springfield, MO.
    What is the asking price?
    The asking price for this property is $1,500,000.
    Request Owner's contact information
    311 Patton Ave Springfield, MO 65806
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    Springfield, MO 65806
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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
    311 Patton Ave Springfield, MO 65806
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