435 Walnut StSpringfield, MO 65806

This exceptional investment opportunity presents a three-story, circa 1881 Victorian apartment building located at 435 E Walnut St, Springfield, MO 65806. Boasting 5,649 square feet of net rentable space on a 0.49-acre lot, this property features high ceilings, original wood and carpeted floors, unique millwork, period light fixtures, and fireplaces. The building includes five bathrooms in the main structure and one in a separate summer house. A partially finished basement and tunnel add to the property's unique character. Plumbing and electrical systems have been updated. The roof was completed in 2007. Pre-wiring for fire alarms is in place. The property benefits from easy accessibility off E. Walnut Street, with ample on-site and street parking. Its prime downtown location places it near the intersection of S. Jefferson and E. Walnut, minutes from Missouri State University, Cardinal Ball Park, the Federal Courthouse, and various city, county, and state government buildings. The Center City (CC) zoning allows for mixed-use potential, including Airbnb. The property may qualify for various city, county, state, and federal incentive programs, including real estate tax abatement. This is a rare chance to acquire a significant piece of Springfield's history, situated in an Opportunity Zone and near a large student and workforce population. The asking price is $699,000, translating to $123.74 per square foot. The property is currently vacant with an occupancy date of February 16, 2024. The building is classified as Class B.