355 Main StPlatte City, MO 64079

Property Details for 355 Main St

Year built

1980

Construction

WOOD

Lot size

0.10 AC

Property size (Sq ft)

2,100 SF

Property type

Office buildings

APN

13-7.0-25-300-019-001-000

APU

137025300019001000

Description

This exceptional one-story office building, located at 355 Main Street in Platte City, Missouri, presents a compelling investment opportunity. Built in 1987, the property sits on a sizable 4,200 square foot corner lot, offering excellent visibility and accessibility. Its prime downtown location places it directly across from the Platte County Courthouse, providing convenient access to county offices and other essential services. The building's convenient location also offers easy access to the airport and other amenities. The property features ample surface lot parking located behind the building, ensuring convenient parking for tenants and visitors. Currently configured as multiple individual offices, the space offers flexibility for a variety of uses. Recent upgrades include a newer roof and a newer HVAC system, minimizing maintenance concerns and ensuring energy efficiency. The asking price for this well-maintained and strategically located commercial property is $299,000. This presents a rare chance to acquire a valuable asset in a thriving Missouri community. The property's size, location, and recent improvements make it an ideal investment for both seasoned and new investors seeking a strong return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $393,641

  6.5%

  $363,361

  7%

  $337,406

• Comparable approach

  Method

  Valuation

  Relative Method

  $150,213

  Geo Method

  $150,213

• Alternative Use

  Use

  Valuation

  Residential

  $450,567

  Hospitality

  $412,717

  Educational

  $343,376

  Medical

  $355,185

  Retail

  $534,140

Location Insight

City

Platte City

County

Platte

State

Missouri

Latitude

39.37

Longitude

-94.7798

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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