Current Use by Public Records
- Lifestyle centers
Property Details for 1703 Ohio St
- Year built
- 1985
- Lot size
- 2.10 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents the Cedars Shopping Center, a fully stabilized, multi-tenant retail property located at 1703 E Ohio St, Clinton, MO 64735. Boasting 22,057 square feet of net rentable space, this single-story, 12-unit shopping center sits on a 2.1-acre lot and offers a compelling 9.15% cap rate with a current net operating income (NOI) of $219,592. Built in 1985, the property features a concrete block construction with an exterior stucco facade and ample parking with 106 spaces (4.8 spaces per 1,000 square feet). The center enjoys a prime location north of State Highway 7, a busy retail corridor in Clinton, Missouri, benefiting from high visibility and traffic. In July 2024, the center recorded approximately 103,000 monthly visits and 32,000 individual visitors. Further enhancing its appeal, nearby outparcel lots house a McDonald's, Wendy's, and Subway, driving additional traffic to the center. The property is zoned RC (Commercial) and the assessor's parcel number is 18-1.0-01-003-019-009.00. This is a rare opportunity to acquire a well-performing retail center in a strong market with a proven track record of success. The asking price is $2,400,000, representing a price per square foot of $108.81.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Clinton
- County
- Henry
- State
- Missouri
- Longitude
- -93.7488
- Latitude
- 38.3665
