224 4Th StSaint Joseph, MO 64501

Property Details for 224 4Th St

Year built

1901

Property size (Sq ft)

8,400 SF

Zone code

CITY

Property type

Turn key restaurants

APN

06-3.0-08-003-001-048.000

APU

63008003001048000

Description

This exceptional commercial property, located at 224 N 4th Street in the heart of St. Joseph, Missouri, presents a unique investment opportunity. The property is zoned CI and boasts a substantial lot size of 8,498 square feet. The building itself is a striking five-story structure, currently configured as a single-tenant restaurant space encompassing approximately 7,000 square feet. Its historic character is complemented by custom-crafted bar and restaurant equipment already in place, representing a significant value-add for a prospective buyer. The property's prime downtown location offers excellent visibility and accessibility, making it an ideal setting for a thriving culinary establishment. The property's single-tenant occupancy simplifies management and provides a stable income stream. The parcel number is 06-3.0-08-003-001-048.000. This is a rare chance to acquire a well-established restaurant space in a vibrant and historic Missouri city. The property's size and location make it suitable for a variety of restaurant concepts or potential redevelopment opportunities. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $2,314,608

  6.5%

  $2,136,561

  7%

  $1,983,949

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,514,147

  Geo Method

  $1,514,147

• Alternative Use

  Use

  Valuation

  Residential

  $1,802,269

  Hospitality

  $1,650,869

  Educational

  $1,373,503

  Medical

  $1,420,740

  Retail

  $2,136,561

Location Insight

City

Saint Joseph

County

Buchanan

State

Missouri

Latitude

39.768

Longitude

-94.8558

CBSA code

41140

CBSA name

ST. JOSEPH, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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