2914 E 32Nd St, Joplin, MO 64804
This exceptional investment opportunity presents a 34,630 square foot shopping center situated on a highly visible 5.45-acre lot at the intersection of 32nd Street and Rangeline Road in Joplin, Missouri. The property boasts three existing buildings totaling 34,630 square feet of retail space, currently at 51% occupancy, with a gross lease structure and 31 individual units. Building A comprises 21,430 square feet, Building B encompasses 8,000 square feet, and Building C offers 5,200 square feet. Additionally, a vacant one-acre lot provides significant potential for future development or expansion. Built in 1985, this single-story property offers excellent access and frontage on both 32nd Street and Rangeline Road, a high-traffic area. The asking price is $4,950,000, translating to $142.94 per square foot. The seller is open to subdividing parcels, offering flexibility for various development scenarios. This multi-tenant retail center presents a compelling opportunity for investors and developers seeking a prime location in a busy Joplin commercial corridor. The property is zoned for retail use and offers significant upside potential. This is a rare opportunity to acquire a well-located, established shopping center with the added benefit of developable land.
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Western-Shamrock Finance Financial Advisor
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.