1276 Old Highway 40 Odessa, MO 64076
- Warehouses
- 47,740 SF
- 5.00 lot acres
Current Use by Public Records
- Warehouses
Property Details for 1276 Old Highway 40
- Year built
- 1995
- Lot size
- 5.00 lot acres
- Property size
- 47,740 SF
- Property type
- Warehouses
- Property subtype
- Retail properties
Description
This exceptional investment opportunity presents a 47,740 square foot, Class B multi-use building situated on 5-7 acres in Odessa, Missouri. The property, built in 1995, features seven units currently at 21% occupancy, with a projected full occupancy date of November 13, 2024. The building boasts a 16-foot ceiling height and offers flexible space suitable for industrial, warehouse, distribution, flex, office, and retail uses. With a total asking price of $1,900,000 ($39.80/sq ft and $271,428.57 per unit), this value-add investment presents significant upside potential. The property includes four parking spaces. Currently, a medical office occupies two of the seven units. This single-story building offers 100% ownership with no ground lease. The property is for sale by owner and features no loading docks or dock-high doors. There are no rent bumps or gas pumps on the property. Note that the tenant credit rating is not available.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Odessa
- County
- Lafayette
- State
- Missouri
- Longitude
- -93.9719
- Latitude
- 39.0055
