3603 Frederick Ave Saint Joseph, MO 64506
- Retail space
- 3,787 SF
Current Use by Public Records
- Freedom Church / Religious Institution
Property Details for 3603 Frederick Ave
- Year built
- 1960
- Property size
- 3,787 SF
- Zone code
- CITY
- Property type
- Retail space
- APN
- 06-1.0-02-003-000-048.001
- APU
- 61002003000048001
Description
This exceptional value-add retail investment property, located at 3603 Frederick Ave in St. Joseph, Missouri (zip code 64506), offers a compelling opportunity. The property consists of three buildings totaling 27,225 square feet on a 1.32-acre lot, zoned C-3. Currently boasting 67% occupancy with two tenants, the property features a net lease structure with approximately three years remaining on existing leases (expiring January 31, 2026). The asking price is $1,425,000, representing a price per square foot of $52.34 and a 7.02% cap rate, with a current NOI of $100,000. The main level comprises 23,085 square feet, with an additional 4,140 square feet of lower-level space accessible at grade level in two connected buildings on the west side. The east side building offers 13,400 square feet with high ceilings and a sprinkler system. Convenient features include a dock, overhead door off 36th Street, and a freight elevator. This property presents a strong value-add opportunity in a prime location near the intersection of Belt Highway and Frederick Avenue. The buildings are two stories.
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
- Saint Joseph
- County
- Buchanan
- State
- Missouri
- Longitude
- -94.8059
- Latitude
- 39.7777
- CBSA code
- 41140
- CBSA name
- ST. JOSEPH, MO-KS METROPOLITAN STATISTICAL AREA
