For Sale
$399,900

304 Locust St Hillsboro, MO 63050

Fully Leased, Multi-Tenant Building, Great ROI

Overview

Added:
Feb 3
Days on market:
78
This exceptional commercial investment property, located at 304 Locust Street in Hillsboro, Missouri, presents a compelling opportunity for savvy investors. The property sits on a 0.25-acre lot and encompasses approximately 7440 square feet, currently fully leased to three distinct tenants. The building boasts a diverse tenant mix, including a probation agency, a church, and a gym, ensuring a stable and diversified income stream. The probation agency occupies the top level, featuring multiple private offices, a waiting area, a conference/training room, three half-bathrooms, a break room, and storage space. The church is located on the middle lower level and includes a large meeting room, waiting area, several offices, a break room, and two half-bathrooms. The gym, situated in the corner lower level unit, offers two large open areas and one half-bathroom. Recent significant upgrades enhance the property's value and appeal, including new windows, a new HVAC unit, a roof less than five years old, and fresh exterior paint. The building enjoys a convenient Hillsboro location with ample street parking and proximity to local restaurants. All tenants are under current leases, providing immediate cash flow. Note that the square footage is approximate

Property Details for 304 Locust St

Property type
Commercial real estate
Lot Size (sq. ft)
10,890 SF

Location Insight

City
Hillsboro
County
Jefferson
State
Missouri
Latitude
38.23261
Longitude
-90.5634

FAQs

What type of property is this?
Commercial real estate - Fully Leased, Multi-Tenant Building, Great ROI
Where is the commercial real estate located?
The property is located at 304 Locust St Hillsboro, MO.
What is the asking price?
The asking price for this property is $399,900.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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304 Locust St
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