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317 South Ave

33,144 SF 100% Leased Retail Building Springfield, MO 65806 £2,738,575 (£83/SF) 9% Net Initial Yield

Investment Highlights

  • Long term NNN tenant in building
  • High end renovations throughout property
  • Excellent downtown location

Executive Summary

This is a NNN Investment property that is 100% leased with tenants with long term leases. The business on the retail floor has 4.5 years remaining on the lease. The condominiums on levels 2 and 3 are leased and lessees pay utilities but those are not considered NNN.

Attachments

South Pier - Brochure - 7MB
South Pier description for listing
South Pier LLC Listing information

Financial Summary (Actual - 2021) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Net Operating Income - -

Financial Summary (Actual - 2021) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
33,144 SF
Building Class
C
Year Built/Renovated
1889/2008
Price
£2,738,575
Price Per SF
£83
Net Initial Yield
9%
NOI
£246,472
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Building FAR
3.31
Lot Size
0.23 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
Commercial - General Commercial
Parking
9 Spaces (0.27 Spaces per 1,000 SF Leased)
Frontage
51 ft on South Ave

Amenities

  • Bus Route
  • Air Conditioning
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317 South Ave, Springfield, MO - aerial map view
Walk Score ®
Very Walkable (79)
Bike Score ®
Very Bikeable (85)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Arvest Bank
CrossFit
U.S. Bank
YMCA
Pickleman`s Gourmet Cafe
Walmart Neighborhood Market
Steak ‘n Shake
Starbucks
Freddy's Frozen Custard & Steakburgers
Blimpie
(417) 882-6222

Contact

  • Listing ID: 25587962

  • Date on Market: 29/04/2022

  • Last Updated:

  • Address: 317 South Ave, Springfield, MO 65806

The Retail Property at 317 South Ave, Springfield, MO 65806 is currently available for sale. Contact Murney Associates Realtors for more information.

Retail PROPERTIES IN NEARBY NEIGHBOURHOODS

Nearby Listings

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317 South Ave, Springfield, MO for sale Building Photo- Image 1 of 29
Aerial
317 South Ave, Springfield, MO for sale Interior Photo- Image 2 of 29
SP 201 best kitchen view
317 South Ave, Springfield, MO for sale Interior Photo- Image 3 of 29
SP 201 kitchen area
317 South Ave, Springfield, MO for sale Interior Photo- Image 4 of 29
SP 201 open floor plan view
317 South Ave, Springfield, MO for sale Interior Photo- Image 5 of 29
SP 202B bedroom
317 South Ave, Springfield, MO for sale Interior Photo- Image 6 of 29
SP 202B combined rooms
317 South Ave, Springfield, MO for sale Interior Photo- Image 7 of 29
SP 202B kitchenette across from sofa
317 South Ave, Springfield, MO for sale Interior Photo- Image 8 of 29
SP 202B living space facing kitchenette
317 South Ave, Springfield, MO for sale Interior Photo- Image 9 of 29
SP parking garage with large pick up
317 South Ave, Springfield, MO for sale Building Photo- Image 10 of 29
SP 203 windows
317 South Ave, Springfield, MO for sale Interior Photo- Image 11 of 29
SP 304 front door
317 South Ave, Springfield, MO for sale Interior Photo- Image 12 of 29
SP gallery hall 201
317 South Ave, Springfield, MO for sale Interior Photo- Image 13 of 29
SP 202B bath1
317 South Ave, Springfield, MO for sale Interior Photo- Image 14 of 29
SP walk in shower with porcelain tile
317 South Ave, Springfield, MO for sale Interior Photo- Image 15 of 29
SP master soaking tub
317 South Ave, Springfield, MO for sale Interior Photo- Image 16 of 29
south pier condo door
317 South Ave, Springfield, MO for sale Interior Photo- Image 17 of 29
double vanity
317 South Ave, Springfield, MO for sale Interior Photo- Image 18 of 29
living room
317 South Ave, Springfield, MO for sale Interior Photo- Image 19 of 29
SP 203 master bed
317 South Ave, Springfield, MO for sale Interior Photo- Image 20 of 29
SP 304 closet
317 South Ave, Springfield, MO for sale Interior Photo- Image 21 of 29
SP 304 long hall with windows
317 South Ave, Springfield, MO for sale Interior Photo- Image 22 of 29
SP 301
317 South Ave, Springfield, MO for sale Interior Photo- Image 23 of 29
Building Photo
317 South Ave, Springfield, MO for sale Interior Photo- Image 24 of 29
Building Photo
317 South Ave, Springfield, MO for sale Building Photo- Image 25 of 29
external
317 South Ave, Springfield, MO for sale Building Photo- Image 26 of 29
street view
317 South Ave, Springfield, MO for sale Building Photo- Image 27 of 29
retail
317 South Ave, Springfield, MO for sale Aerial- Image 28 of 29
aerial

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317 South Ave
(417) 882-6222 x

317 South Ave

Sondra Hagerman

(417) 882-6222

(417) 882-6222

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