$449,900

22065 Main Street

Reeds Spring MO, 65737

Description

Mixed use investment rental property for an owner/manager with 9+% capitalization rate. Fully rented 2 level building with total sq ft of 8296, located in Reeds Spring plus includes additional parking lot with 864 sq ft workshop. Retail space of 4148 sq ft occupied by the iconic Reeds Spring Pizza Company plus eight studio apartments on the second level. The retail space is partitioned into 4 sections with separate commercial glass door front entrances and rear access doors along with a restroom for each section. The upper level studio apartments area accessed from wood framed staircases and covered deck walkways on the front and rear sides. There are asphalt parking areas at the front and rear of the building. An additional gravel parking lot with workshop is located on a separate tract of land that is east of the main building. Positive cash flow and decent capitalization rate for the owner/manager with this mix use investment rental property. Check it out!

Details

MLS#60173514
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1960
Days On Site11

Features

Units12
Building(s)2

Market Activity 65737

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Area Information
StateMO
CityReeds Spring
Zip Code65737
Listing VS Median (in 65737)
Price:
$449,900
low | high
Med:
$119,900
100% of Average
On Site:
11
low | high
Med:
1800
2% of Average
Listing Updated: 09/24/2020
Nita Jane Ayres LogoMLS Number: 60173514
Listing Provided By:
Nita Jane Ayres  of  ReeceNichols - Branson West
All information is deemed reliable; however, it is not guaranteed and should be independently verified. Real Estate offerings are subject to error, omissions, prior sale, change, withdrawal without notice and approval of seller. Properties are provided courtesy of Springfield MLS.