1338 Belt HwySaint Joseph, MO 64506

For Sale
$1,200,000

St. Joseph, MO Office Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional value-add opportunity presents a two-story, 6,285 square foot multi-tenant office building situated on a 0.84-acre lot at 1338 N Belt Highway in St. Joseph, Missouri (zip code 64506). Built in 2000 and renovated in 2020, this Class B property boasts a desirable C-3 zoning. Currently, the building enjoys 80% occupancy with three units. The upper level features a tenant with one year remaining on their lease. The lower level offers 3,040 square feet of vacant space ready for immediate lease, plus an additional 960 square feet of adaptable former living space. The building features convenient level entrances with a ramp from the parking lot, multiple offices, restrooms, a breakroom, and ample parking. The asking price is $1,200,000, translating to $190.93 per square foot. This is a net-net lease property. This property presents a strong investment opportunity for those seeking a multi-tenant office building in a prime St. Joseph location. The building's features, combined with its strategic location on the Belt Highway, make it an attractive prospect for both investors and tenants.

Highlights

  • 6,285 SF multi-tenant office building on a 0.84-acre lot in St. Joseph, MO (64506).
  • Class B property, built in 2000, renovated in 2020, C-3 zoning.
  • 80% occupancy; three units. Upper level fully leased (one year remaining); lower level has 3,040 SF vacant plus 960 SF adaptable space.
  • Level entrances, ample parking, multiple offices, restrooms, breakroom.
  • $1,200,000 asking price ($190.93/SF), Net-Net lease.

Property Details for 1338 Belt Hwy

Property type
Other office properties, Office properties
Square Feet
6,285 SF
Class
B
Year Built/Renovated
2000/2020
Buildings
1
Stories
2
Lot Size (sq. ft)
36,590 SF
Units
3

Location Insight

City
Saint Joseph
County
Buchanan
State
Missouri
Latitude
39.779954309318
Longitude
-94.803154662694
1338 Belt Hwy, Saint Joseph, Missouri

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1338 Belt Hwy
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