3502 Frederick Ave, Saint Joseph, MO 64506
This exceptional commercial property, located at 3502 Frederick Avenue in St. Joseph, Missouri, presents a unique investment opportunity. The 3.5-acre site boasts a highly visible location on a premier hard corner, just one block west of St. Joseph's busiest retail intersections. Built in 1938, this four-story building offers significant potential for both retail and office uses. The property benefits from excellent accessibility, including signalized traffic access and a full access point on Frederick Avenue. Site improvements include grading to ensure seamless integration with Frederick Avenue. The surrounding area demonstrates strong demographics, with a 3-mile radius encompassing 2,500,000 square feet of office space and a population of 61,482. Daily traffic counts average 25,000 vehicles, and the 5-mile average household income is $60,519. This prime location, coupled with its substantial size and advantageous features, makes this property an ideal investment for developers and businesses seeking high visibility and strong market presence in a thriving community. The asking price is $16.5 million. The zip code is 64506.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.