1320 Cherokee AveSeneca, MO 64865

Property Details for 1320 Cherokee Ave

Year built

1940

Lot size

0.06 AC

Property size (Sq ft)

2,149 SF

Property type

Office buildings

APN

18-7.0-35-004-017-009.000

APU

187035004017009000

Description

This 79,900 USD commercial property presents a unique opportunity for entrepreneurs seeking a high-visibility retail space in the heart of Seneca, Missouri. Situated on a highly visible corner lot spanning 0.07 acres, this property offers exceptional exposure to significant foot and vehicle traffic. The building's size is not specified, but its prime downtown location ensures a strong potential for a variety of businesses. The address is 1320 Cherokee Avenue, placing it within easy reach of Seneca's commercial center and residential areas. This makes it an ideal location for businesses seeking high traffic volume and convenient access for customers. The property's potential is further enhanced by its prominent corner location, ensuring maximum visibility and brand recognition. This is a rare opportunity to establish a business in a thriving downtown area with excellent accessibility and high pedestrian traffic. The asking price of 79,900 USD makes this an attractive investment for those seeking a foothold in the Seneca market. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. Further details regarding the building's interior and specifications are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $187,332

  6.5%

  $172,922

  7%

  $160,571

• Comparable approach

  Method

  Valuation

  Relative Method

  $153,718

  Geo Method

  $153,718

• Alternative Use

  Use

  Valuation

  Residential

  $214,423

  Hospitality

  $196,411

  Educational

  $163,411

  Medical

  $169,031

  Retail

  $254,196

Location Insight

City

Seneca

County

Newton

State

Missouri

Latitude

36.8399

Longitude

-94.6115

CBSA code

27900

CBSA name

JOPLIN, MO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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