701 Webster St Chillicothe, MO 64601-2238
- Retail space
- 2,400 SF
- 0.05 lot acres
Apr 09, 2021
Current Use by Public Records
- Retail space
Property Details for 701 Webster St
- Year built
- 1918
- Lot size
- 0.05 lot acres
- Property size
- 2,400 SF
- Property type
- Retail space
- APN
- 06-07.00-36-3-12-12.00
- APU
- 60700363121200
Description
This exceptional mixed-use property, located at 701 Webster St in Chillicothe, MO, presents a compelling investment opportunity. The 4,000 square foot building, constructed in 1890 and extensively renovated in 2022, boasts a Class A designation and is currently 100% occupied by four tenants under NNN leases. The property features two stories plus a basement, situated on a 2,000 square foot lot. Each tenant contributes to a strong net operating income (NOI) of $48,380, resulting in an attractive 9.8% capitalization rate (pro-forma 9.77%). The asking price is $495,000, translating to $123.75 per square foot. This prime location in downtown Chillicothe benefits from high summer tourist traffic and proximity to Amish communities, Kansas City Airport (90 minutes), and Trenton, MO (20 minutes). The building itself is a local landmark, featuring two unique wall murals, adding to its character and appeal. The property's strong tenant base and high occupancy rate make it an ideal addition to any investment portfolio. Lease terms vary among the four tenants. Property taxes and insurance are the responsibility of the owner.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chillicothe
- County
- Livingston
- State
- Missouri
- Longitude
- -93.5527
- Latitude
- 39.7945
