3506 Interstate 70 DrColumbia, MO 65201

Property Details for 3506 Interstate 70 Dr

Year built

1986

Property size (Sq ft)

1,760 SF

Property type

Retail space

APN

17-116-00-13-003.00 01

APU

1711600130030001

Description

This exceptional 2,082 square foot standalone office building in Columbia, Missouri, presents a unique investment opportunity. Situated at 3506 Interstate 70 Dr SE, this property boasts two distinct units, offering versatility and potential for diverse uses. Unit A, currently utilized as a construction company's storage facility, provides ample space for various storage or operational needs. Unit B is a fully equipped commercial catering kitchen, featuring stainless steel appliances, a commercial-grade refrigerator, and freezer, ideal for food service businesses or related ventures. The building is partially owner-occupied, with a business leasing space through April 2025. The existing lease is negotiable, offering flexibility for new ownership to establish favorable rental terms. The property is zoned M-C, allowing for a range of commercial uses. Located in Boone County, Missouri, with a zip code of 65201, this property benefits from excellent visibility and accessibility along Interstate 70. The asking price for this turnkey investment is $425,000. This presents a rare chance to acquire a versatile commercial property with existing income and significant upside potential in a thriving Missouri market. The property's location and existing infrastructure make it an attractive option for both investors and owner-occupiers seeking a strategic foothold in the Columbia area.

• CAP approach

  CAP return

  Valuation

  6%

  $614,584

  6.5%

  $567,308

  7%

  $526,786

• Comparable approach

  Method

  Valuation

  Relative Method

  $345,768

  Geo Method

  $345,768

• Alternative Use

  Use

  Valuation

  Residential

  $478,545

  Hospitality

  $438,345

  Educational

  $364,698

  Medical

  $377,240

  Retail

  $567,308

Location Insight

City

Columbia

County

Boone

State

Missouri

Latitude

38.9608

Longitude

-92.2849

CBSA code

17860

CBSA name

COLUMBIA, MO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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