313 Ohio Ave Sedalia, MO 65301-4431
- Retail space
- 3,080 SF
- 0.05 lot acres
Current Use by Public Records
- Retail space
Property Details for 313 Ohio Ave
- Year built
- 1890
- Lot size
- 0.05 lot acres
- Property size
- 3,080 SF
- Property type
- Retail space
- APN
- 15-2.0-04-1-44-008.000
- APU
- 152004144008000
Description
This exceptional mixed-use property in historic downtown Sedalia, Missouri, presents a compelling investment opportunity. The 3,000-square-foot building, situated on a 0.05-acre lot at 313 S Ohio Ave, 65301, offers a blend of retail and multifamily space, perfectly suited for an owner-user. The building features 1,500 square feet per floor, providing ample space for various uses. Recent renovations in 2016 and 2023 ensure the property is in excellent condition. Currently fully leased, it boasts a strong 8.20% capitalization rate with a net operating income (NOI) of $100,000, making it an attractive investment. Its prime location in the heart of downtown Sedalia places it within walking distance of the county courthouse and surrounded by a vibrant mix of restaurants, hotels, and other retail businesses. This property offers a unique combination of income generation and potential for future growth in a thriving downtown area. The asking price is $259,000. This is a rare opportunity to acquire a well-maintained, high-performing mixed-use property in a desirable location.
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
- Sedalia
- County
- Pettis
- State
- Missouri
- Longitude
- -93.2279
- Latitude
- 38.7081
- CBSA code
- 42740
- CBSA name
- SEDALIA, MO MICROPOLITAN STATISTICAL AREA
