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3400 Ashland Avenue

St Joseph, MO 64506
  • $1,590,000
  • STATUS: Active
  • ON SITE: 28 Days
  • ID#: 2482445
UPDATED: 142 min ago
$1,590,000
  • 0
    BEDS
  • 1.69
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS

School Ratings & Info

Description

Located on the northside of St. Joseph in Ashland Square, just off of Business I-29 (North Belt Highway). Occupancy 86%. In the last 5 years a new parking lot, roof, and HVACS installed. Lighting upgraded to LED for low maintenance. Most suites have been updated. In the last 2 years, two major tenants occupying 5,920 sq ft have had major updates to units. ATM machine on property with high return. Overall property is currently at a 7% CAP rate, with room to improve up to 9% CAP with current month-to-month leases and 100% occupancy. Avg lease rate is $8.76 well below the average, current lease rate in St. Joseph. Room to increase CAP rate even more! Showings must be scheduled with the listing agent. Some leases are available for $9 per square foot and some are higher - please reach out for more detailed information.

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Heartland MLS Terms of Use

The information displayed on this page is confidential, proprietary, and copyrighted information of Heartland Multiple Listing Service, Inc. ("Heartland MLS"). Copyright 2024, Heartland Multiple Listing Service, Inc. Heartland MLS and United Country Property Solutions, LLC do not make any warranty or representation concerning the timeliness or accuracy of the information displayed herein. In consideration for the receipt of the information on this page, the recipient agrees to use the information solely for the private non-commercial purpose of identifying a property in which the recipient has a good faith interest in acquiring. The data relating to real estate displayed on this website comes in part from the Heartland Multiple Listing Service database compilation. Data last updated: 2024-05-19T17:45:37.447.

Based on information submitted to the MLS GRID as of 2024-05-19T17:45:37.447 All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.unitedcountrypropertysolutions.com/homes/149578225
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3400 Ashland Avenue St Joseph, MO 64506

  • Price: $1,590,000
  • Status: Active
  • On Site: 28 Days
  • Updated: 142 min ago
  • ID#: 2482445
0
Beds
0
Baths
0
½ Baths
1.69
Acres
1981
Built
Neighborhood:
1132 - Buchanan Co Nw-N=Co Line;S=I-36;E=I-29;W=Mo River
County:
Buchanan
Area:
1132 - Buchanan Co Nw-N=Co Line;S=I-36;E=I-29;W=Mo River
Property Description
Located on the northside of St. Joseph in Ashland Square, just off of Business I-29 (North Belt Highway). Occupancy 86%. In the last 5 years a new parking lot, roof, and HVACS installed. Lighting upgraded to LED for low maintenance. Most suites have been updated. In the last 2 years, two major tenants occupying 5,920 sq ft have had major updates to units. ATM machine on property with high return. Overall property is currently at a 7% CAP rate, with room to improve up to 9% CAP with current month-to-month leases and 100% occupancy. Avg lease rate is $8.76 well below the average, current lease rate in St. Joseph. Room to increase CAP rate even more! Showings must be scheduled with the listing agent. Some leases are available for $9 per square foot and some are higher - please reach out for more detailed information.
Exterior Features

Exterior Features Building Sign Number Of Docks 0 Number Of Drive In Doors 0 Parking Features Parking Lot Road Frontage Type Other Road Surface Type Asphalt

Interior Features

Accessibility Features Accessible Entrance

Property Features

Age Description 41-50 Years Business Type Other Current Use OtherSee RemarksBusiness In Flood Plain No Inside City Limits See Remarks Leasable Area 21224 Leased YN Yes Listing Agreement Exclusive Right To Sell Listing Terms CashConventional Location Features Strip Center Maintenance Provided YN No Occupancy Description Tenant OccupiedVacant Possession Negotiable Property Sub Type Other Sale Includes Real EstateOther Tax Total Amount 16268 Transaction Type Lease Or Sale Utilities Service - 220vWater/Sewer Zoning COM

Listing information © 2024 Heartland MLS as distributed by MLSGRID.
Listing courtesy of Real Broker, LLC-MO.



Heartland MLS Terms of Use

The information displayed on this page is confidential, proprietary, and copyrighted information of Heartland Multiple Listing Service, Inc. ("Heartland MLS"). Copyright 2024, Heartland Multiple Listing Service, Inc. Heartland MLS and United Country Property Solutions, LLC do not make any warranty or representation concerning the timeliness or accuracy of the information displayed herein. In consideration for the receipt of the information on this page, the recipient agrees to use the information solely for the private non-commercial purpose of identifying a property in which the recipient has a good faith interest in acquiring. The data relating to real estate displayed on this website comes in part from the Heartland Multiple Listing Service database compilation. Data last updated: 2024-05-19T17:45:37.447.

Based on information submitted to the MLS GRID as of 2024-05-19T17:45:37.447 All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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United Country Property Solutions, LLC
1801 N Woodbine Rd
Saint Joseph MO, 64506