1008 Main StBlue Springs, MO 64015

Property Details for 1008 Main St

Lot size

0.06 AC

Property type

Parking lots & garages

APN

35-710-33-07

APU

357103307

Description

This exceptional 1-story retail property, located at 1008 W Main Street in the heart of Blue Springs, Missouri, presents a unique investment opportunity. Built in 1967 and boasting a substantial 12,928 square foot lot, this building is ideally situated on Main Street, offering excellent visibility and accessibility. Currently operating as a vintage arcade bar, the business is included in the sale price of $600,000, providing a turnkey operation or a solid foundation for a new venture. The property has undergone a complete renovation, featuring brand new plumbing, electrical systems, bathrooms, and ductwork. This ensures a move-in ready condition for any prospective buyer. The T5 zoning designation allows for a flexible range of uses, combining residential and commercial possibilities, opening doors to a variety of exciting development options. A large attached parking lot adds significant convenience for patrons and employees. This prime location within the vibrant downtown Blue Springs area offers exceptional growth potential and a strong return on investment. The property's size and versatile zoning make it an attractive prospect for entrepreneurs and investors seeking a thriving commercial space in a desirable Missouri location. Don't miss this chance to own a piece of Blue Springs' bustling downtown.

• CAP approach

  CAP return

  Valuation

  6%

  $720,284

  6.5%

  $664,877

  7%

  $617,386

• Comparable approach

  Method

  Valuation

  Relative Method

  $471,188

  Geo Method

  $471,188

• Alternative Use

  Use

  Valuation

  Residential

  $560,849

  Hospitality

  $513,735

  Educational

  $427,421

  Medical

  $442,121

  Retail

  $664,877

Location Insight

City

Blue Springs

County

Jackson

State

Missouri

Latitude

39.0181

Longitude

-94.2777

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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