1304 Old Highway 40 Odessa, MO 64076
- Retail properties
- 30,000 SF
- 5.00 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1304 Old Highway 40
- Year built
- 1995
- Lot size
- 5.00 lot acres
- Property size
- 30,000 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional value-add investment opportunity presents a 30,000-square-foot flex space building situated on a 5-7 acre lot in Odessa, Missouri. The property, built in 1995, is currently vacant and offers significant upside potential. The single-story building features 16-foot ceilings and is comprised of nine individual units, providing flexibility for various uses. Ideal for adaptive reuse, the space is suitable for industrial, warehouse, distribution, office, and retail purposes. The property boasts convenient access to I-70, enhancing its logistical appeal. With four parking spaces per unit and a total of nine units, ample parking is available. The asking price is $1,200,000, translating to $40 per square foot. The property is offered with 100% ownership and presents a rare chance to acquire a substantial multi-unit complex in a strategic location. While currently at 3% occupancy, the potential for increased rental income is substantial given the building's size, location, and versatility. The property is classified as Class C and is being sold as-is. There are no ground leases or gas pumps associated with this property. Note that there are no loading docks or dock-high doors.
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
- -93.9728
- Latitude
- 39.0059
