422 Main St Joplin, MO 64801-2312
- Retail space
- 5,470 SF
- 0.06 lot acres
Current Use by Public Records
- The Golf Lounge / Golf Shop / Indoor Golf Course
Property Details for 422 Main St
- Year built
- 1910
- Lot size
- 0.06 lot acres
- Property size
- 5,470 SF
- Property type
- Retail space
- APN
- 19-2.0-3-40-38-6.0
- APU
- 19203403860
Description
This 4,840 square foot, two-story storefront property at 422 S Main St, Joplin, MO 64801, is a remarkable investment opportunity. Built in 1910 and zoned C-2, this vacant building offers 2,420 square feet of ground-floor retail space, perfect for a variety of businesses. The upper level, also 2,420 square feet, is currently unfinished, presenting a blank canvas for creative development into residential lofts, additional office space, or studios. A valuable addition is the included garage with convenient alley access. The property sits on a 0.06-acre lot in the heart of downtown Joplin's revitalizing commercial district, benefiting from high foot traffic and proximity to trendy restaurants, boutiques, and cultural landmarks. The asking price is $298,000 ($61.57 per square foot). The property is currently vacant, with an occupancy date of September 27, 2024. This presents a unique chance to own a piece of Joplin's history and contribute to its vibrant future. The building's prime location and flexible space offer significant potential for growth and return on investment. This is an exceptional opportunity for entrepreneurs and developers seeking a high-visibility location in a thriving downtown area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $335,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $500,000
- 6.5%
- $525,000
- 7%
- $460,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $475,000
- Geo Method
- $540,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $440,000
- Retail
- $520,000
- Mixed-Use
- $440,000
- Hospitality
- $555,000
- Educational
- $575,000
- Residential Income
- $425,000
- Energy
- $455,000
- Income-Based Land
- $570,000
- Food Service
- $520,000
Location Insight
- Map
- Local Demand
- City
- Joplin
- County
- Jasper
- State
- Missouri
- Longitude
- -94.5137
- Latitude
- 37.0869
- CBSA code
- 27900
- CBSA name
- JOPLIN, MO METROPOLITAN STATISTICAL AREA