501 Broadway Columbia, MO 65201
- Banks
- 2,102 SF
- 0.46 lot acres
Current Use by Public Records
- Commerce Bank / Bank
- ATM / Atm
Property Details for 501 Broadway
- Year built
- 1982
- Lot size
- 0.46 lot acres
- Property size
- 2,102 SF
- Zone code
- C2
- Property type
- Banks
- APN
- 16-320-00-17-095.00 01
- APU
- 1632000170950001
Description
This exceptional 3,200 square foot executive office space, located at 501 E. Broadway in downtown Columbia, Boone County, presents a unique investment opportunity. The single-tenant building sits on a 0.38-acre lot and boasts excellent visibility due to its prominent location and multi-lane drive-through. Previously a bank branch, this property offers adaptive reuse potential for a variety of businesses. Its strategic position places it within close proximity to the University of Missouri, city/county government facilities, and Columbia's finance/banking district, ensuring high pedestrian and vehicle traffic. The building itself comprises 2,100 square feet of interior space, complemented by an 1,100 square foot covered drive-through area. The property also includes the use of exterior improvements and a parking lot. A long-term tenancy with a credit-worthy tenant is desired. The owner is also considering a sale of the property for $1,700,000. Please note a deed restriction prohibits future occupancy by banking or financial institutions (expires 2032). The rental rate is on a triple net (NNN) basis. The property is zoned M-DT.
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
- Columbia
- County
- Boone
- State
- Missouri
- Longitude
- -92.3314
- Latitude
- 38.9519
- CBSA code
- 17860
- CBSA name
- COLUMBIA, MO METROPOLITAN STATISTICAL AREA
