603 23Rd StIndependence, MO 64055

Property Details for 603 23Rd St

Year built

1976

Construction

WOOD

Lot size

0.22 AC

Property size (Sq ft)

455 SF

Property type

Office buildings

APN

26-540-03-09

APU

265400309

Description

This exceptional freestanding retail property, located at 603-623 E. 23rd Street in Independence, Missouri, presents a unique opportunity for a single-tenant business. The building boasts a total of 415 square feet of readily available space, perfect for a variety of retail ventures. Situated in Jackson County, this property benefits from excellent visibility and accessibility, ensuring high foot traffic potential. The entire space is currently vacant, providing a blank canvas for a new tenant to customize and design their ideal retail environment. The address is conveniently located within Independence, Missouri, zip code 64055, offering easy access for both customers and employees. This single-tenant occupancy ensures complete control and flexibility for the lessee. The property's classification as "Freestanding, Commercial" further highlights its independent nature and potential for strong brand identity. This is an ideal opportunity for a business seeking a well-located, manageable, and highly visible retail space in a thriving Missouri community. The property is available for lease and ready for immediate occupancy. Interested parties are encouraged to inquire further to explore this promising retail investment.

• CAP approach

  CAP return

  Valuation

  6%

  $85,289

  6.5%

  $78,728

  7%

  $73,105

• Comparable approach

  Method

  Valuation

  Relative Method

  $32,546

  Geo Method

  $32,546

• Alternative Use

  Use

  Valuation

  Residential

  $97,623

  Hospitality

  $89,422

  Educational

  $74,398

  Medical

  $76,957

  Retail

  $115,730

Location Insight

City

Independence

County

Jackson

State

Missouri

Latitude

39.0787

Longitude

-94.4078

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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