2705 Range Line RdJoplin, MO 64804

For Sale
$2,800,000

High-yield retail center, 4 tenants, 16,500 SF

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a well-maintained, multi-tenant shopping center ideally situated in Joplin, Missouri at 2703 & 2705 S. Rangeline Rd, zip code 64804. Built in 2015, this property boasts a total of 16,500 square feet across two buildings, situated on a 1.56-acre lot. Currently housing four tenants, the center offers a stable income stream with a compelling 6.00% capitalization rate. The asking price is $2,800,000, translating to a price per square foot of $169.70. The property is zoned C3, allowing for a variety of commercial uses. Its strategic location directly across from a Lowe's home improvement store ensures high visibility and significant foot traffic. This sale is contingent upon the seller identifying a suitable 1031 exchange property. The property's strong performance and prime location make it an attractive investment for discerning buyers seeking a stable, high-yield retail asset in a growing market. Detailed financial information is available upon request.

Highlights

  • Multi-tenant shopping center totaling 16,500 square feet on a 1.56-acre lot in Joplin, MO.
  • Built in 2015 with four current tenants providing a stable income stream.
  • 6.00% capitalization rate and $2,800,000 asking price ($169.70/SF).
  • C3 zoning allows for diverse commercial uses; high visibility across from a Lowe's.
  • 1031 exchange property acquisition by seller is a condition of sale.

Property Details for 2705 Range Line Rd

Property type
Lifestyle centers, Power centers
Square Feet
16,500 SF
Year Built
2015
Buildings
2
Lot Size (sq. ft)
67,954 SF

Location Insight

City
Joplin
County
Jasper
State
Missouri
Latitude
37.060879805856
Longitude
-94.478248041054
2705 Range Line Rd, Joplin, Missouri

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2705 Range Line Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message