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20370734
20370735

3302 S Belt Hwy, Saint Joseph, MO 64503

GM
AR AR EB00072456
Legacy Realty Group
Listed by Legacy Realty Group
$2,000,000
616 days on market
Updated 1 day ago

St Joseph Plaza

Details
APN 06-6.0-23-003-000-034.001
Property Type Office, Retail
Sub Type Medical Office, Shopping Center
Square Footage 24,229
Net Rentable (SqFt) 24,229
Units 8
NOI $85,965
Occupancy 33%
Tenancy Multi
Lease Type NNN
Price per SqFt $83
Class B
Buildings 1
Stories 1
Acreage 1.930
Zoning C-3
Investment Type Value Add
Ownership Fee Simple

Value Add Shopping Center in St Joseph, MO

Marketing description

LRG Commercial is pleased to present a compelling value-add retail and office opportunity in St. Joseph, Missouri, the state’s 8th largest city and a key regional hub located approximately 30 minutes north of Kansas City. This 24,229 SF strip center sits on a 0.98-acre outparcel along the South Belt Highway, one of St. Joseph’s primary commercial corridors, and benefits from shared ingress and egress with Walmart along US-169, providing excellent visibility and accessibility.

The property is currently 33% occupied, creating a rare opportunity for an owner-user or investor to reposition the center and capture significant upside through lease-up. The standout feature is a 9,999 SF move-in-ready space, ideal for a medical, office, or institutional user seeking immediate functionality with strong frontage and parking. The remaining vacancies allow for flexible demising options, making the center well-suited for a mix of medical, professional services, or neighborhood retail tenants.

With nearly 99,000 residents within a 20-minute drive, proximity to national retailers, and a location embedded within an established Walmart shadow center, this asset offers both near-term usability and long-term redevelopment or repositioning potential. For buyers seeking scale, visibility, and the ability to create value through strategic leasing, this property represents a compelling opportunity in a proven trade area.

Investment highlights

  • Significant Value-Add Opportunity – Currently 33% occupied, allowing an investor or owner-user to drive NOI through strategic lease-up in an established retail corridor.
  • 9,999 SF Move-In-Ready Space – Rare, nearly 10,000 SF contiguous suite ideal for medical, office, or institutional use with immediate occupancy potential.
  • Walmart Shadow Center Location – Shared ingress/egress with Walmart along US-169 provides strong visibility, traffic generation, and long-term location stability.
  • Flexible Demising & Tenant Mix Potential – Multiple vacancy configurations allow for medical, professional services, or neighborhood retail tenants to diversify income.
  • Strong Regional Draw – Positioned in St. Joseph, MO with approximately 99,000 residents within a 20-minute drive and convenient access to the Kansas City metro.

Listing Contacts

GM
AR AR EB00072456
Legacy Realty Group
Listed by Legacy Realty Group

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$85,965.00
$7,163.75/mo

Valuation Metrics

0
DSCR
4.3%
Cap Rate
4.3%
ROI

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