316 Old 40 Hwy Odessa, MO 64076
- Office Properties & Spaces
- 11,000 SF
Current Use by Public Records
- Office Properties & Spaces
Property Details for 316 Old 40 Hwy
- Property size
- 11,000 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
This exceptional investment opportunity presents a two-story, 11,000-square-foot medical office building located at 316 W. Old 40 Highway in Odessa, Missouri, 64076. The property sits on a substantial 76,421-square-foot lot and offers excellent visibility and convenient access. The building is constructed of all brick and features a Net Lease (NNN) structure. Currently boasting 100% occupancy, the building is divided into two floors, each approximately 4,500 square feet. The first floor comprises two 2,000-square-foot spaces with a shared 500-square-foot common area, currently available for lease. The second floor is fully occupied by a medical group and a nail salon. The asking price is $1,250,000, translating to $113.64 per square foot based on the 5,500 square feet of net rentable space. The property enjoys a strategic location near several prominent businesses, including Nuts and Bolts True Value Hardware, McDonald's, Dollar General, Bank of Odessa, and Sonic, ensuring high traffic and visibility. This turnkey medical office building presents a strong investment opportunity with significant potential for future growth and income. The property's size, location, and current occupancy make it an attractive asset for investors seeking a stable and profitable addition to their portfolio.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Odessa
- County
- Lafayette
- State
- Missouri
- Longitude
- -93.9556
- Latitude
- 39.0058
