Listed by Lorimont Commercial Real Estate
$390,000
1100-1120 N. Douglass St.
Details
APN 06-2.0-03-003-001-010.000000
Property Type Mixed Use, Retail
Sub Type Shopping Center, Storefront
Square Footage 24,269
Cap Rate 5.50%
NOI $22,000
Occupancy 32%
Price per SqFt $16
Broker Co-Op Yes
Year Built 1970
Buildings 1
Stories 1
Acreage 2.610
Zoning C-2
Investment Type Value Add
Value-add redevelopment opportunity
Marketing description
Prime location for a value-add retail investment or redevelopment along high-traffic N. Douglass Street in Malden, MO. This expansive 24,269 SF strip center, constructed in 1970, offers an ideal canvas for retail and strip center investors. Zoned C-2, this property provides a versatile space to cater to a variety of retail and commercial needs. Rent One is a current tenant occupying approximately 7,670 SF, leaving 16,600 SF for single- or multi-tenant use. With a regional airport nearby, the Malden area offers significant potential for business growth and development. This property is poised to become a cornerstone of the Malden central business district. Don't miss out on the chance to establish a presence in this busy regional hub.
Listing Contacts
Listed by Lorimont Commercial Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$22,000.00
$1,833.33/mo
Valuation Metrics
0
DSCR
5.64%
Cap Rate
5.64%
ROI
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