3200 Clark Ln Columbia, MO 65202
- Auto shops
- 3,952 SF
- 0.88 lot acres
Current Use by Public Records
- LL Flooring / Home Improvement Store / Wood Floor Installation Service
Property Details for 3200 Clark Ln
- Year built
- 1976
- Lot size
- 0.88 lot acres
- Property size
- 3,952 SF
- Zone code
- M1
- Property type
- Auto shops
- APN
- 17-116-00-01-004.00 01
- APU
- 1711600010040001
Description
This exceptional investment opportunity presents a 3,992 square foot retail building situated on a 0.86-acre lot in Columbia, Missouri. Located at 3200 Clark Lane, this single-tenant shopping center benefits from a highly visible location off Interstate 70, a major transportation artery. The property enjoys excellent visibility and accessibility, with pylon signage enhancing its prominence. The strategic location within a regional shopping hub in central Missouri ensures consistent traffic and strong retail and food sales potential. The property is situated in a high-traffic area, with Clark Lane boasting 22,889 vehicles per day (VPD), the I-70 Connector seeing 37,785 VPD, and I-70 itself recording 52,065 VPD. This translates to significant exposure for any business operating within the center. The asking price for this property is $750,000. It's important to note that the property operates under a ground lease. This well-positioned shopping center represents a compelling investment opportunity for those seeking a strong return in a thriving retail market. The property's size, location, and high traffic counts make it an ideal investment for both seasoned investors and those new to the commercial real estate market. The property is zoned for retail use and is ready for immediate occupancy.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $330,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $385,000
- 6.5%
- $390,000
- 7%
- $370,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $305,000
- Geo Method
- $370,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $395,000
- Retail
- $415,000
- Mixed-Use
- $345,000
- Hospitality
- $320,000
- Educational
- $360,000
- Residential Income
- $330,000
- Energy
- $335,000
- Income-Based Land
- $375,000
- Food Service
- $355,000
Location Insight
- Map
- Local Demand
- City
- Columbia
- County
- Boone
- State
- Missouri
- Longitude
- -92.2904
- Latitude
- 38.963
- CBSA code
- 17860
- CBSA name
- COLUMBIA, MO METROPOLITAN STATISTICAL AREA