Property profile

301 M 291 Hwy Independence, MO 64056

OFF-MARKET
Office Spaces
0.96 ac lot Built 1982
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Property summary

AI-generated overview

This exceptional 0.96-acre property at 301 N M 291 Highway in Independence, MO, presents a remarkable opportunity for a variety of businesses. Priced at $399,000, the building, formerly a restaurant, has undergone a complete transformation. The interior and exterior have been freshly painted, boasting a new roof, hot water tank, ductwork, stucco, plumbing, windows, electrical panel, and wiring. The interior features two sinks, a prep table, two restrooms, and a dedicated office area, along with emergency lighting. A significant advantage is the inclusion of an in-ground grease interceptor with a check valve. Ample parking is available thanks to a large parking lot. The property's versatility is further enhanced by the inclusion of a second, sizable parcel, opening possibilities for new construction or expansion. The seller is open to financing options, making this an even more attractive proposition. This renovated building is ready for immediate occupancy and is ideally suited for uses such as insurance offices, salons, convenience stores, or barber shops. Don't miss this chance to acquire a turn-key property with significant upside potential in a desirable location.

Property profile

Verified
Property type Office Spaces
Year built 1982
Lot 0.96 ac (41,818 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

301 M 291 Hwy Independence, MO 64056
Independence metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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