For Sale
$259,000

313 Ohio Ave Sedalia, MO 65301

High-yield storefront & apartments. 8.2% Cap Rate.

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional mixed-use property in historic downtown Sedalia, Missouri, presents a compelling investment opportunity. The 3,000-square-foot building, situated on a 0.05-acre lot at 313 S Ohio Ave, 65301, offers a blend of retail and multifamily space, perfectly suited for an owner-user. The building features 1,500 square feet per floor, providing ample space for various uses. Recent renovations in 2016 and 2023 ensure the property is in excellent condition. Currently fully leased, it boasts a strong 8.20% capitalization rate with a net operating income (NOI) of $100,000, making it an attractive investment. Its prime location in the heart of downtown Sedalia places it within walking distance of the county courthouse and surrounded by a vibrant mix of restaurants, hotels, and other retail businesses. This property offers a unique combination of income generation and potential for future growth in a thriving downtown area. The asking price is $259,000. This is a rare opportunity to acquire a well-maintained, high-performing mixed-use property in a desirable location.

Highlights

  • Historic Downtown Sedalia location.
  • 3,000 square foot building with 1,500 square feet per floor.
  • Renovated in 2016 and 2023.
  • Excellent walkability to restaurants, hotels, and retail.
  • Convenient proximity to the County Courthouse.
  • Fully leased with a strong cap rate.

Property Details for 313 Ohio Ave

Property type
Retail properties, Mixed-use properties
Square Feet
3,000 SF
Year Renovated
2016
Lot Size (sq. ft)
2,178 SF

Location Insight

City
Sedalia
County
Pettis
State
Missouri
Latitude
38.7081429
Longitude
-93.2279431

FAQs

What type of property is this?
Retail property - High-yield storefront & apartments. 8.2% Cap Rate.
Where is the retail property located?
The property is located at 313 Ohio Ave Sedalia, MO.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: Historic Downtown Sedalia location.; 3,000 square foot building with 1,500 square feet per floor.; Renovated in 2016 and 2023.
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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313 Ohio Ave
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