11525 Us Highway 24Independence, MO 64054

Property Details for 11525 Us Highway 24

Year built

1987

Construction

WOOD

Lot size

0.58 AC

Property size (Sq ft)

3,655 SF

Property type

Retail space

APN

26-320-05-05

APU

263200505

Description

This 3,500 square foot retail property, located at 11525 E US Hwy 24 in Independence, Missouri (zip code 64054), is available for $450,000. Situated on a spacious 25,240 square foot lot, this property boasts a prime location ideal for a convenience store or other adaptable retail businesses. The building underwent a complete rehabilitation in 2022, including a new roof, plumbing system, electrical upgrades, and a completely renovated interior. The parking lot has also been updated. The current tenant, a laundromat, is relocating, presenting a unique opportunity for a new business to establish itself in this high-traffic area. The property's excellent condition and strategic location make it an attractive investment opportunity. Please note that the current tenant should not be disturbed. Jackson County location offers easy access to major roadways and a strong customer base. This is a turnkey operation ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $1,007,130

  6.5%

  $929,658

  7%

  $863,254

• Comparable approach

  Method

  Valuation

  Relative Method

  $658,834

  Geo Method

  $658,834

• Alternative Use

  Use

  Valuation

  Residential

  $784,202

  Hospitality

  $718,324

  Educational

  $597,637

  Medical

  $618,191

  Retail

  $929,658

Location Insight

City

Independence

County

Jackson

State

Missouri

Latitude

39.1019

Longitude

-94.4391

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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