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Property profile

16133 23Rd St Independence, MO 64055

OFF-MARKET
Specialty properties
Property ID
US48-0706273
Built 1956
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Property summary

AI-generated overview

This exceptional commercial property presents a unique investment opportunity in Independence, Missouri. Located at 16133 E 23rd Street S, this 1-acre parcel is zoned C-2, offering significant potential for various commercial ventures. Its prime location directly off East 23rd Street, adjacent to an Aldi grocery store, ensures high visibility and accessibility. The property boasts a substantial amount of traffic due to its proximity to successful businesses in the area. Currently, a 2-bedroom, 1-bathroom brick home sits on the lot. While currently occupied by a tenant, the tenant will vacate upon the sale of the property. All necessary due diligence has been completed with the City of Independence, ensuring a smooth transition for the new owner. The property has been in the seller's family for over a century, reflecting its long-standing value and stability. Importantly, this 1-acre parcel is being sold in conjunction with an adjacent 10-acre parcel (MLS #2491750), providing a combined 11 acres of C-2 zoned land for even greater development potential. The property was built in 1956 and is a single-story structure. The lot size is 17,189 square feet. The asking price for this remarkable opportunity is $85,000.

Property profile

Verified
Property type Specialty properties
Year built 1956
UPID US48-0706273

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

16133 23Rd St Independence, MO 64055
Independence metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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