Downtown Event Center For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30408989
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Tavern/Bar/Nightclub, Other
Building Size (RSF): 20,000 SF
Gross Building Area: See Agent
Sale Price: $1,895,000
Unit Price: $94.75 PSF
Ceiling: 12 ft.
In Opportunity Zone? Yes
Property Use Type: Investment, Business
Building Name: STD Flea Market
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 8/5/2019

Overview / Comments

505 E. Trafficway is the historic building just west of the intersection at Kimbrough and Trafficway and offers ±20,000 SF of endless opportunity. The building was built in 1920 and remodeled in 2018 including a new roof, HVAC, plumbing, bathrooms, windows and doors.

Currently the building is divided into three spaces. The middle section offers ±12,000 SF of space that is currently occupied by STD Flea Market. The east end offers ±4,000 SF of open event space and two restrooms each with multiple stalls. The west end has ±4,000 SF of event space equipped with a commercial kitchen, two restrooms with multiple stalls plus an expansive gated patio area that adjoins to the walking trail to Jordan Valley Park and Hammons Field.

Center City zoning offers numerous possibilities and could be perfect for an event center, wedding/party venue, restaurant /entertainment space, retail center and/or office space.

This building is also available for lease:
505 East - 4,000 SF = $10.00 PSF NNN
505 Middle - 12,000 SF = $8.00 PSF NNN
505 West - 4,000 SF = $14.00 PSF NNN (FF&E negotiable - not included in rental rate)

Contact Anita Zimmerman at 417.890.3229 or azimmerman@wilhoitproperties.com for more details and to set up a tour.

Additional Details

Nearest MSA: Springfield
County: Greene
Tax ID/APN: 881324204003
Zoning: CENTER CITY
Retail Clientele: General, Family, Tourist, Recreation, Convention, Other
Property Located Between: Kimbrough and Jefferson
Property Visibility: Good
Largest Nearby Street: Kimbrough
Traffic/Vehicle Count: 3,355
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1920
Year Renovated: 2018
Total Parking Spaces: 45
Parking Type: Surface
Parking Description: parking lot at your door
Zoning Description: Center City
Lot Frontage: 280

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,033 101,463 178,271
Median Age: 25.72 32.61 35.68
Households: 6,564 42,564 76,478
The information presented herein is provided as is, without warranty of any kind. Neither Catylist nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.