1340 Old Highway 40 Odessa, MO 64076
- Retail properties
- 31,060 SF
- 5.00 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1340 Old Highway 40
- Year built
- 1995
- Lot size
- 5.00 lot acres
- Property size
- 31,060 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This 31,060-square-foot vacant building presents a compelling value-add investment opportunity in Odessa, Missouri. Located at 1340 E Old Hwy 40, this Class B, single-story structure sits on 5-7 acres and boasts a 16-foot ceiling height. Built in 1995, the property is zoned C3, allowing for diverse uses including convenience store, grocery store, restaurant, industrial, office, and retail. With eight units and ample parking (four spaces per key), this property offers significant flexibility. The building features direct I-70 access and monument signage, enhancing visibility and accessibility. Currently vacant with an occupancy date of October 30, 2024, this property offers a blank canvas for a savvy investor to maximize its potential. The asking price is $1,100,000 ($35.42/sq ft). The property is 100% owned, with no ground lease. There are no loading docks. This is a prime opportunity to capitalize on the growing Odessa market. The property is part of a larger plaza with five additional buildings available. The potential for significant rent bumps is present.
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
- -93.973
- Latitude
- 39.0059
