311 Patton AveSpringfield, MO 65806

For Sale
$1,500,000
Prime Springfield location, two-building complex, high potential.

Overview

Added:
Dec 11, 2024
Days on market:
125
This exceptional investment opportunity presents a unique blend of retail and residential potential in the heart of Springfield, Missouri. Located at 311 South Patton Avenue, this property encompasses two buildings totaling 13,625 square feet on a 0.27-acre lot, zoned Center City (CC). The asking price is $1,500,000, translating to $110 per square foot. The land value also calculates to $110 per square foot. Currently, the property boasts a 50% occupancy rate with a modified lease structure. One building, formerly known as Zan the Club, is a well-maintained, two-story nightclub currently vacant. The adjacent building at 313 South Patton Avenue is a bar/pub with a kitchen, currently leased to "The Dive on Patton." This property offers significant upside potential for a savvy investor looking to capitalize on a prime downtown Springfield location. The property's central location between Walnut and McDaniel Streets provides excellent visibility and accessibility. The existing tenant provides immediate cash flow, while the vacant building presents an opportunity for lease-up or redevelopment. This is a rare chance to acquire a substantial property in a thriving Missouri market. The property's multi-tenancy structure offers flexibility and diversification of income streams. Serious inquiries are encouraged.

Property Details for 311 Patton Ave

Property type
Retail properties, Bars
Square Feet
13,625 SF
Buildings
2
Lot Size (sq. ft)
11,761 SF

Location Insight

City
Springfield
County
Greene
State
Missouri
Latitude
37.207923
Longitude
-93.2935581
311 Patton Ave, Springfield, Missouri

FAQs

What type of property is this?
Retail property - Prime Springfield location, two-building complex, high potential.
Where is the retail property located?
The property is located at 311 Patton Ave Springfield, MO.
What is the asking price?
The asking price for this property is $1,500,000.
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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311 Patton Ave
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