![Primary Photo](https://images.loopnet.co.uk/i2/qgR5NyF3goVlzFdJI144ZS2plBp-KRg3N2b46BuJV_E/112/image.jpg)
1601 W US Highway 24 | Independence, MO 64050
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1601 W US Highway 24
Independence, MO 64050
Retail Property For Sale
![1601 W US Highway 24, Independence, MO for sale - Primary Photo - Image 1 of 30](https://images.loopnet.co.uk/i2/qgR5NyF3goVlzFdJI144ZS2plBp-KRg3N2b46BuJV_E/110/1601-W-US-Highway-24-Independence-MO-Primary-Photo-1-Large.jpg)
![1601 W US Highway 24, Independence, MO for sale - Building Photo - Image 2 of 30](https://images.loopnet.co.uk/i2/8Nbru1cJvkEAWudDdCEuZoslveuIY6tM7heh8366ZC4/110/1601-W-US-Highway-24-Independence-MO-Building-Photo-2-Large.jpg)
Investment Highlights
- 9% cap rate
- 100% leased
Executive Summary
Multi-tenant retail property with 1,195 sq. ft. divided into 3 fully leased units. Currently generating a Net Operating Income of $21,365 annually, with room for rental increases. The building is in excellent condition, featuring a newly redone roof (2023) and updated storefronts and façade within the last 3 years. Priced at $237,000, this property offers solid income and long-term value in a highly visible location. Perfect for investors looking for a stable, low-maintenance asset.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
1,195 SF
Building Class
C
Year Built
1987
Price
£186,685
Price Per SF
£156
Net Initial Yield
9%
NOI
£16,802
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.25
Lot Size
0.11 AC
Opportunity Zone
Yes
Zoning
C-2
Parking
7 Spaces (5.86 Spaces per 1,000 SF Leased)
Frontage
102 ft on Independence Ave
PROPERTY TAXES
Parcel Number | 26-320-04-01-00-0-00-000 | Improvements Assessment | £16,208 |
Land Assessment | £7,436 | Total Assessment | £23,644 |
PROPERTY TAXES
Parcel Number
26-320-04-01-00-0-00-000
Land Assessment
£7,436
Improvements Assessment
£16,208
Total Assessment
£23,644
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