3603 Frederick Ave St Joseph, MO 64506

This exceptional value-add retail investment property, located at 3603 Frederick Ave in St. Joseph, Missouri (zip code 64506), offers a compelling opportunity. The property consists of three buildings totaling 27,225 square feet on a 1.32-acre lot, zoned C-3. Currently boasting 67% occupancy with two tenants, the property features a net lease structure with approximately three years remaining on existing leases (expiring January 31, 2026). The asking price is $1,425,000, representing a price per square foot of $52.34 and a 7.02% cap rate, with a current NOI of $100,000. The main level comprises 23,085 square feet, with an additional 4,140 square feet of lower-level space accessible at grade level in two connected buildings on the west side. The east side building offers 13,400 square feet with high ceilings and a sprinkler system. Convenient features include a dock, overhead door off 36th Street, and a freight elevator. This property presents a strong value-add opportunity in a prime location near the intersection of Belt Highway and Frederick Avenue. The buildings are two stories.