3031 Limit AveSedalia, MO 65301

Property Details for 3031 Limit Ave

Year built

1978

Lot size

1.05 AC

Property size (Sq ft)

1,832 SF

Property type

Office buildings

APN

15-3.0-08-4-12-008.000

APU

153008412008000

Description

This 1,832 square foot office building in Sedalia, Missouri, presents a compelling investment opportunity. Built in 1978, the single-story brick structure sits on a 1.05-acre lot, offering substantial parking and a drive-thru lane. Its strategic location on South 65 Highway, across from a hotel and gas station/convenience store, ensures high visibility and convenient access. The property benefits from proximity to residential areas, churches, and various businesses, maximizing its potential for diverse clientele. The building boasts excellent visibility from B Hwy/32nd Street, enhanced by the South 65 intersection and stop light. Convenient paved back access from Clinton Road is also available. Interior features include a 9'x10' tiled front foyer, a 20'x20' main lobby, and several private offices ranging in size from 9'x9' to 9'x15'9". One office includes a sink, and a 15'x12'8" walk-in closet is also present. Additional amenities include a 9'4"x15'9" room facing the drive-thru bay, a walk-in safe, an 8'x9' tiled rear foyer, two bathrooms, and a water fountain. The property's combination of location, size, and features makes it an ideal investment for a variety of commercial uses. The asking price is $399,000.

• CAP approach

  CAP return

  Valuation

  6%

  $359,001

  6.5%

  $331,386

  7%

  $307,715

• Comparable approach

  Method

  Valuation

  Relative Method

  $142,823

  Geo Method

  $142,823

• Alternative Use

  Use

  Valuation

  Residential

  $410,918

  Hospitality

  $376,399

  Educational

  $313,159

  Medical

  $323,929

  Retail

  $487,137

Location Insight

City

Sedalia

County

Pettis

State

Missouri

Latitude

38.6853

Longitude

-93.2505

CBSA code

42740

CBSA name

SEDALIA, MO MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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