Center City Investment Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30021475
Property Subtypes: Mixed Use
Building Size (RSF): 18,175 SF
Gross Building Area: See Agent
Sale Price: $1,375,000
Unit Price: $75.65 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/11/2017

Overview / Comments

The corner of South and Walnut is the heartbeat of Downtown Springfield. This historic building has hardwood floors, exposed brick walls, and multiple tenants. Basement offers additional storage.

As the regional hub for higher education, health care, and cultural facilities for southwest Missouri, downtown Springfield has 25,000 persons working in the central business district each day. Center City houses three universities with a total of 40,000 students, boasts five live theaters, two libraries, two museums, 16 movie screens, 20 art galleries, 35 restaurants, and hosts dozens of events per year. With recent loft apartment developments, downtown Springfield is also home to more that 1,000 residents.*

Public parking, over 6000 spaces within walking distance of downtown.

To schedule a tour contact Anita Zimmerman at 417.890.3229 or azimmerman@wilhoitpropeties.com

*paragraph courtesy of www.itsalldowntown.com

Attachments & Media

Financials

Finance Data Year 2016
Real Estate Taxes - Annual($) $11,794 (Annual)

Additional Details

Nearest MSA: Springfield
County: Greene
Zoning: CITY CENTER
Property Visibility: Excellent
Tenancy: Multiple Tenants
Number of Stories: 2
Passenger Elevators: 1

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,464 103,321 181,015
Median Age: 25.6 32.78 35.52
Households: 6,741 43,335 77,773
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