1515 Glenstone Ave Springfield, MO 65804-1407

Property Details for 1515 Glenstone Ave

Year built

1955

Lot size

0.68 lot acres

Property size

6,727 SF

Zone code

INC

Property type

Specialty properties

APN

88-12-30-401-023

APU

881230401023

Description

This exceptional 6,727 square foot office building, situated on a 0.677-acre lot at 1515 S Glenstone Ave, Springfield, MO 65804, presents a compelling investment opportunity. The single-story, Class B building, constructed in 1955, boasts 30 parking spaces and is currently zoned GR, with a special use permit for office use. The interior features a reception area, executive office, multiple offices of varying sizes, a conference room, breakroom, technology room, library, and bathrooms. The property enjoys a high-traffic location on S. Glenstone Avenue, a major commercial corridor in Southwest Missouri, experiencing over 40,000 vehicles daily, and is surrounded by a mix of national and local businesses, including retail, restaurants, and hotels. The building offers potential for continued use as an office or redevelopment, subject to approval. A significant advantage is the current owner's willingness to lease back up to 70% of the building, providing immediate income potential for the new owner. The asking price is $860,000, translating to $127.84 per square foot. This property represents a rare chance to acquire a well-located, versatile commercial building in a thriving market. The building's size, parking, and prime location make it an attractive prospect for a variety of uses. The potential for leaseback income further enhances its investment appeal.