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    FOR SALE
    Retail space

    2914 E 32Nd St, Joplin, MO 64804

    22,153 SF 5.45 ac lot Built 1985
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US48-2279578
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1985
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 22,153 SF
    Lot 5.45 ac (237,402 SF)
    APN 05-6.0-24-001-001-002.000
    UPID US48-2279578
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Western-Shamrock Finance Financial Advisor
    • Subway Take-out & Catering
    • Psychic Readings Spiritual Center
    • Nail Tek Nail Salon
    • SpringHill Suites Joplin Hotel & Motel
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.47M
    Blend (final) Blend
    $1.53M
    Owner & transaction history
    CONTINENTAL OVERSEAS, LLC
    CONTINENTAL OVERSEAS, LLC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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