1515 St Joseph Ave Saint Joseph, MO 64505
This exceptional single-story retail or office property, located at 1515 St. Joseph Avenue, boasts 25,652 square feet on a 2.26-acre lot. Currently, 8,500 square feet of space is available for lease, ideal for a variety of uses. The building, constructed in 1975, features a flexible layout allowing for spaces ranging from a minimum of 2,800 square feet to a maximum contiguous space of 8,500 square feet. The property is zoned M-2 and offers ample parking with 35 spaces. Its convenient location at the intersection of St. Joseph Avenue and Middleton Street provides excellent visibility and accessibility. The previous tenant was a medical office, suggesting potential for similar uses. Lease rates are competitive, starting at $12 per square foot plus expenses for smaller spaces, with a discounted rate of $10 per square foot plus expenses for leasing the entire 8,500 square feet. The property's design allows for the potential addition of a drive-thru at the south end of the building, adding further versatility. Annual property taxes are $0.70 per square foot. The APN is 06-3.0-08-002-002-002.000. This property presents a unique opportunity for businesses seeking a prominent location with significant space and potential for customization. The space became available on February 1st, 2022.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.