422 Main StJoplin, MO 64801

Property Details for 422 Main St

Year built

1910

Lot size

0.06 AC

Property size (Sq ft)

5,470 SF

Property type

Retail space

APN

19-2.0-3-40-38-6.0

APU

19203403860

Description

This 4,840 square foot, two-story storefront property at 422 S Main St, Joplin, MO 64801, is a remarkable investment opportunity. Built in 1910 and zoned C-2, this vacant building offers 2,420 square feet of ground-floor retail space, perfect for a variety of businesses. The upper level, also 2,420 square feet, is currently unfinished, presenting a blank canvas for creative development into residential lofts, additional office space, or studios. A valuable addition is the included garage with convenient alley access. The property sits on a 0.06-acre lot in the heart of downtown Joplin's revitalizing commercial district, benefiting from high foot traffic and proximity to trendy restaurants, boutiques, and cultural landmarks. The asking price is $298,000 ($61.57 per square foot). The property is currently vacant, with an occupancy date of September 27, 2024. This presents a unique chance to own a piece of Joplin's history and contribute to its vibrant future. The building's prime location and flexible space offer significant potential for growth and return on investment. This is an exceptional opportunity for entrepreneurs and developers seeking a high-visibility location in a thriving downtown area.

• CAP approach

  CAP return

  Valuation

  6%

  $700,940

  6.5%

  $647,022

  7%

  $600,806

• Comparable approach

  Method

  Valuation

  Relative Method

  $985,998

  Geo Method

  $985,998

• Alternative Use

  Use

  Valuation

  Residential

  $545,787

  Hospitality

  $499,938

  Educational

  $415,942

  Medical

  $430,247

  Retail

  $647,022

Location Insight

City

Joplin

County

Jasper

State

Missouri

Latitude

37.0869

Longitude

-94.5137

CBSA code

27900

CBSA name

JOPLIN, MO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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