644 Scenic AveSpringfield, MO 65802

Property Details for 644 Scenic Ave

Year built

1971

Lot size

1.01 AC

Property size (Sq ft)

7,994 SF

Zone code

INC

Property type

Retail space

APN

88-13-22-306-018

APU

881322306018

Description

This exceptional Springfield, Missouri commercial property, located at 644-650 S. Scenic Ave, presents a lucrative investment opportunity. The 7,994 square foot building sits on a 1.01-acre lot zoned Highway Commercial, offering high visibility and accessibility. Currently vacant, this Class C property features three units totaling 7,994 square feet, ideally suited for a mix of office and retail uses. The layout includes approximately 4,200 square feet of office space, boasting features such as a conference room, eleven private offices, reception area, workroom, and storage. Additionally, there are two 1,887 square foot retail spaces, perfect for showrooms or similar businesses. The property boasts ample parking with 49 spaces, including 10 conveniently located at the road front. The asking price is $525,000, translating to approximately $66 per square foot. Benefiting from a prime location near Little Caesar's Pizza, BKS Built Trucks, Casey's, and other established businesses, this property offers significant potential for growth and return on investment. The modified lease type provides flexibility for future tenants. The property's APN is 1322306018.

• CAP approach

  CAP return

  Valuation

  6%

  $2,302,776

  6.5%

  $2,125,639

  7%

  $1,973,808

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,440,963

  Geo Method

  $1,440,963

• Alternative Use

  Use

  Valuation

  Residential

  $1,793,056

  Hospitality

  $1,642,430

  Educational

  $1,366,482

  Medical

  $1,413,478

  Retail

  $2,125,639

Location Insight

City

Springfield

County

Greene

State

Missouri

Latitude

37.2035

Longitude

-93.3302

CBSA code

44180

CBSA name

SPRINGFIELD, MO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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