3302 National AveSpringfield, MO 65807

Property Details for 3302 National Ave

Year built

1999

Lot size

4.01 AC

Property size (Sq ft)

39,300 SF

Zone code

INC

Property type

Strip malls

Property subtype

Neighborhood centers

APN

88-19-06-302-069

APU

881906302069

Description

Medical Mile Plaza, located at 3302 S National Ave, Springfield, MO 65807, offers a prime opportunity for businesses seeking versatile commercial space. This 134,721 square foot property, situated on 15.8 acres of land, features eight single-story buildings with a total of 42 suites. Currently, 26,909 square feet of space is available, ranging from 1,410 to 8,818 square feet. The property boasts 728 parking spaces and is conveniently located on the corner of National and West Walnut Lawn Avenues in the Bradford Park submarket, within the Medical Mile cluster. Built in 1999, this Class B property is zoned for general retail use, allowing for a variety of commercial applications. The unique "T" shaped building design offers excellent visibility and accessibility. Property taxes are $2 per square foot. The location is exceptional, offering proximity to Cox Medical Center and significant foot traffic. This multi-tenant property presents a compelling investment opportunity for businesses seeking a prominent presence in a thriving medical corridor. The address is 3302 S National Ave, Springfield, MO 65807, APN 19-06-302-069.

• CAP approach

  CAP return

  Valuation

  6%

  $11,320,877

  6.5%

  $10,450,041

  7%

  $9,703,609

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,084,045

  Geo Method

  $7,084,045

• Alternative Use

  Use

  Valuation

  Residential

  $8,815,000

  Hospitality

  $8,074,493

  Educational

  $6,717,884

  Medical

  $6,948,922

  Retail

  $10,450,041

Location Insight

City

Springfield

County

Greene

State

Missouri

Latitude

37.1537

Longitude

-93.277

CBSA code

44180

CBSA name

SPRINGFIELD, MO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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