2324 Range Line RdJoplin, MO 64804

Property Details for 2324 Range Line Rd

Year built

1968

Lot size

0.71 AC

Property size (Sq ft)

5,831 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

19-6.0-13-10-13-8.0

APU

196013101380

Description

This exceptional mixed-use property, located at 2324 S Rangeline Rd in Joplin, Missouri, presents a unique investment opportunity. The 5,831 square foot building, constructed in 1950 and renovated in 2011, sits on a substantial 2.3-acre lot, providing ample space and private parking for patrons. Currently configured as a bar and restaurant, the property boasts a 10-foot ceiling height and is zoned C3, offering flexibility for various commercial uses. The single-story building features one unit and is situated in a high-traffic area along Rangeline Road. City utilities are readily available. The asking price is $3,500,000, with an occupancy date of September 20, 2024. This property's size, location, and existing infrastructure make it an ideal investment for entrepreneurs seeking a well-established business or developers looking to capitalize on its potential. The extensive paved parking lot adds significant value and convenience. The property's history as a popular restaurant provides a strong foundation for future success. This is a rare opportunity to acquire a substantial commercial property in a desirable Joplin location.

• CAP approach

  CAP return

  Valuation

  6%

  $747,200

  6.5%

  $689,723

  7%

  $640,457

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,051,070

  Geo Method

  $1,051,070

• Alternative Use

  Use

  Valuation

  Residential

  $581,807

  Hospitality

  $532,932

  Educational

  $443,393

  Medical

  $458,642

  Retail

  $689,723

Location Insight

City

Joplin

County

Jasper

State

Missouri

Latitude

37.0647

Longitude

-94.4787

CBSA code

27900

CBSA name

JOPLIN, MO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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