For Sale
Property summary
This exceptional 3,200 square foot executive office space, located at 501 E. Broadway in downtown Columbia, Boone County, presents a unique investment opportunity. The single-tenant building sits on a 0.38-acre lot and boasts excellent visibility due to its prominent location and multi-lane drive-through. Previously a bank branch, this property offers adaptive reuse potential for a variety of businesses. Its strategic position places it within close proximity to the University of Missouri, city/county government facilities, and Columbia's finance/banking district, ensuring high pedestrian and vehicle traffic. The building itself comprises 2,100 square feet of interior space, complemented by an 1,100 square foot covered drive-through area. The property also includes the use of exterior improvements and a parking lot. A long-term tenancy with a credit-worthy tenant is desired. The owner is also considering a sale of the property for $1,700,000. Please note a deed restriction prohibits future occupancy by banking or financial institutions (expires 2032). The rental rate is on a triple net (NNN) basis. The property is zoned M-DT.
Property profile
VerifiedCap rate & NOI
Current use
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Bank Loan Service
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Atm
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C2 · Columbia, MOZoning
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Zoning designation
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