604 Madison StWebb City, MO 64870

Property Details for 604 Madison St

Year built

2020

Lot size

1.10 AC

Property size (Sq ft)

2,629 SF

Property type

Drive through restaurants

APN

16-6.0-24-10-9-19.001

APU

16602410919001

Description

This exceptional .35-acre parcel, located at 604 S Madison St in Webb City, Missouri (zip code 64870), presents a unique opportunity for mixed-use development. Situated in a thriving retail and restaurant area, directly north of a Dairy Queen, this property boasts a convenient paved, shared entrance off South Madison Street. The site is already cleared and features completed underground water retention, making it fully build-ready. The property is zoned C-3, allowing for a variety of commercial uses, including QSR and coffee shops, as indicated by the permitted subtype. The total square footage is 13,650, with an asking price of $249,000, resulting in a price per square foot of $18.24. The seller is open to considering a ground lease arrangement. While the property is ready for immediate development, potential buyers should inquire about any use restrictions. This is an ideal location for entrepreneurs seeking a high-traffic area with established infrastructure. Jasper County location offers easy access to major transportation routes and a strong local customer base. Don't miss this chance to acquire a prime commercial property in a rapidly growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $336,887

  6.5%

  $310,973

  7%

  $288,760

• Comparable approach

  Method

  Valuation

  Relative Method

  $473,892

  Geo Method

  $473,892

• Alternative Use

  Use

  Valuation

  Residential

  $262,317

  Hospitality

  $240,281

  Educational

  $199,911

  Medical

  $206,786

  Retail

  $310,973

Location Insight

City

Webb City

County

Jasper

State

Missouri

Latitude

37.1393

Longitude

-94.4752

CBSA code

27900

CBSA name

JOPLIN, MO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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