108 Pine StWarrensburg, MO 64093

Property Details for 108 Pine St

Year built

1900

Construction

CONCRETE BLOCKS

Property size (Sq ft)

7,086 SF

Property type

Retail space

APN

12-60-24-03-022-0005.00

APU

12602403022000500

Description

This exceptional 5,700 square foot bar presents a lucrative investment opportunity in Warrensburg, Missouri. Located on the most active retail corridor, this established business benefits from its prime position within the vibrant college bar district, just minutes from the University of Central Missouri (UCM) campus, boasting approximately 11,637 enrolled students. The property includes a substantial 4,500 square foot basement providing ample storage space. A complete renovation was undertaken in 2023, ensuring modern facilities and a fresh appeal. The current owner is open to negotiating the sale of existing bar equipment, offering a seamless transition for the new owner. The property's strategic location also places it within 12 miles of Whiteman Air Force Base, with its substantial population of approximately 5,600 military personnel and 2,000 civilian employees, providing a diverse customer base. This owner/user opportunity is ideal for an experienced bar operator seeking a well-established business in a high-traffic area with significant growth potential. The asking price is $600,000. The property is a single-tenant retail space.

• CAP approach

  CAP return

  Valuation

  6%

  $2,041,215

  6.5%

  $1,884,198

  7%

  $1,749,613

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,301,633

  Geo Method

  $1,301,633

• Alternative Use

  Use

  Valuation

  Residential

  $1,589,392

  Hospitality

  $1,455,874

  Educational

  $1,211,270

  Medical

  $1,252,928

  Retail

  $1,884,198

Location Insight

City

Warrensburg

County

Johnson

State

Missouri

Latitude

38.7632

Longitude

-93.7409

CBSA code

47660

CBSA name

WARRENSBURG, MO MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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