3500 Sterling AveIndependence, MO 64052

Property Details for 3500 Sterling Ave

Year built

1960

Construction

WOOD

Lot size

0.17 AC

Property size (Sq ft)

704 SF

Property type

Office buildings

APN

32-110-03-01

APU

321100301

Description

This exceptional 189900 USD commercial property at 3500 S Sterling Avenue, Independence, MO, presents a unique investment opportunity. The all-brick building boasts significant visibility due to its prime location on a busy street. Its versatile layout offers ample space for a variety of uses, from offices and storage to retail or workshops. The property includes a large garage equipped with heavy-duty shelving and a tall overhead door, perfect for equipment storage or vehicle access. The garage also features heating. Two oversized office spaces are available, each with direct access to the garage. The office spaces are equipped with air conditioning and heating. The building also includes a bathroom. Ample paved parking is situated to the south of the building, ensuring convenient access for employees and customers. The attractive exterior features a built-in brick flower bed and space for prominent exterior signage. This former fire station building offers a blend of character and functionality, making it an ideal space for a business seeking a high-visibility location with substantial space and convenient amenities. The seller is highly motivated.

• CAP approach

  CAP return

  Valuation

  6%

  $131,963

  6.5%

  $121,812

  7%

  $113,111

• Comparable approach

  Method

  Valuation

  Relative Method

  $50,357

  Geo Method

  $50,357

• Alternative Use

  Use

  Valuation

  Residential

  $151,047

  Hospitality

  $138,359

  Educational

  $115,113

  Medical

  $119,072

  Retail

  $179,064

Location Insight

City

Independence

County

Jackson

State

Missouri

Latitude

39.0583

Longitude

-94.4474

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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