Downtown Building with Clock Tower

Retail-Commercial for Sale
Catylist Listing ID: 30205054
Property Subtypes: Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 8,687 SF
Gross Land Area: 0.22 Acres
Sale Price: $850,000
Unit Price: $97.85 PSF
Property Use Type: Business
Building Name: 319 W. Walnut
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/15/2018

Overview / Comments

Total sq. ft. = ±8687
Building inside space sq. ft.= ±5529
Open air brick and glass enclosed patio sq. ft. = ±3158

Situated at the northwest corner of W. Walnut and S. Campbell in historic downtown Springfield is 319 W. Walnut. This property is currently used for an event center (through 3/31/18) and includes a large secure open air event patio with clock tower facing the intersection of Walnut and Campbell.

Enter off Walnut into a spacious open room which features exposed brick walls and expansive windows overlooking Walnut Street. This immaculate building features a full commercial kitchen, private room/office including private bathroom with shower as well as two multi-stalled public restrooms. Exit through the glass double doors to an open air courtyard and glass enclosed patio which offers a separate built-in outdoor bar area. There are a number of convenient parking options near the building including free parking in the College Station Parking garage, public parking on the street and private paid parking lots.

Located in the heart of downtown, 319 W. Walnut is zoned for Center City and is ready for downtown's newest restaurant, bar or retail establishment.

2017 Real Estate Tax = $11,017.39

FF&E available for purchase separately

For more details and to schedule a tour please contact Anita Zimmerman at 417.890.3229 or azimmerman@wilhoitproperties.com

Attachments & Media

Additional Details

Nearest MSA: Springfield
County: Greene
Tax ID/APN: 881324213015
Zoning: CENTER CITY (CC)
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention
Property Located Between: S. Patton Ave and S. Campbell
Property Visibility: Excellent
Largest Nearby Street: Campbell
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1929
Parking Type: Surface
Zoning Description: Center City

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,464 98,889 179,088
Median Age: 25.6 32.42 35.4
Households: 6,741 41,349 77,075
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