3100 Independence Sq West Plains, MO 65775

Property Details for 3100 Independence Sq

Year built

2006

Lot size

0.40 lot acres

Property size

12,400 SF

Property type

Medical offices

APN

15401700300102800000

Description

This exceptional Class A office condo, situated at 3100 Independence Square in West Plains, Missouri, presents a compelling investment opportunity. The 12,400 square foot property, built in 2006, features two units within a single-story building on a 0.4-acre lot. Currently 60% occupied, it boasts a strong net operating income (NOI) of $110,606 annually, with an asking price of $1,950,000 ($157.26/sq ft). The property is zoned for commercial use and includes 20 parking spaces. Previously configured as a medical office, the space includes two entrances, six exam rooms, two offices, and a reception area. The layout is adaptable to various business needs, making it suitable for a range of professional uses. The building is constructed of brick and stucco, offering low-maintenance appeal. A condo association manages the grounds. The property benefits from its prime location in Independence Square, a main thoroughfare in West Plains, a growing medical hub serving Howell County (population 40,000+) and surrounding areas. The presence of Ozarks Medical Center (recently expanded by $70 million) and Missouri State University-West Plains (approximately 2,000 students) contributes to a robust local economy and diverse population. The property's current lease with a local hospital provides a stable income stream, with an additional 6,400 square feet available for lease with a separate entrance. West Plains offers a thriving community with a variety of amenities, including a civic center, farmers market, and numerous retail establishments.