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1703-1745 E Ohio St
Clinton, MO 64735

Cedars Shopping Center · Retail Property For Sale

Investment Highlights

  • Building Area (rentable square feet): 22,057
  • Tenants (8/1/2024): 12
  • Zoning: RC
  • Occupancy: 100.00%
  • Buildings: One
  • Zoning Description: Commercial

Executive Summary

Cedars Shopping Center (the “Property”) is a multi-tenant retail strip center. The 22,057-square-foot property is fully stabilized with a mix of national and local tenants. The Property is located north of State Highway 7 in Clinton, Missouri, a busy retail corridor running through the center of town. In July 2024, the Property had approximately 103,000 monthly visits, and 32,000 individual visitors. The Property benefits from having a McDonald’s, Wendy’s, and Subway in the outparcel lots, driving higher traffic to the center.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
22,057 SF
Building Class
B
Year Built
1985
Price
£1,923,600
Price Per SF
£87
Net Initial Yield
9.15%
NOI
£176,009
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.24
Lot Size
2.10 AC
Zoning
RC - Commercial
Parking
106 Spaces (4.81 Spaces per 1,000 SF Leased)
Frontage
252 ft on E Ohio Street

Amenities

  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
18-1.0-01-003-019-009.000
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£347,835
  • Listing ID: 32922163

  • Date on Market: 22/08/2024

  • Last Updated:

  • Address: 1703-1745 E Ohio St, Clinton, MO 64735

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