14600 210 HwyIndependence, MO 64058

For Sale
$2,750,000

Mixed-use facility, high NOI, strong cash flow.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 35,350 square foot mixed-use property in Independence, Missouri, presents a compelling investment opportunity. Located at 14600 E 210 Hwy, this 2005-built facility, renovated in 2022, sits on a 5.86-acre lot (APN: 11-300-01-06-00-0-00-000) and boasts a strong net operating income (NOI) of $228,115, yielding an 8.90% cap rate. The asking price is $2,750,000 ($72.14/sq ft). The property comprises self-storage units, a three-bay industrial building, three single-bay garages, tenant parking, and office space, along with a second-floor apartment. Currently 100% occupied, the property offers significant upside potential through rent increases and expansion of paid parking and additional buildings. Its location within an Opportunity Zone provides attractive capital gains benefits. The property's strategic location near retail and residential areas, combined with the planned installation of a cell tower, promises further NOI growth. The property benefits from excellent ingress and egress from Highway 210, with no future development allowed to impede access. Seller financing is available up to $1 million. This is a rare opportunity to acquire a high-performing, mixed-use asset with substantial growth potential in a thriving market.

Highlights

  • Mixed-use property encompassing self-storage, light industrial space, and office areas.
  • Located in an Opportunity Zone, offering capital gains tax advantages.
  • Significant upside potential through rent increases and property expansion.
  • Low market saturation with 5.61 NRSF per capita within a five-mile radius.
  • Situated in the #37 largest US population market, experiencing continued growth.
  • Excellent retail and residential proximity.

Property Details for 14600 210 Hwy

Property type
Refrigeration & cold storage, Other office properties
Square Feet
35,350 SF
Year Built/Renovated
2005/2022
Lot Size (sq. ft)
255,262 SF

Location Insight

City
Independence
County
Jackson
State
Missouri
Latitude
39.1819747
Longitude
-94.4023655
14600 210 Hwy, Independence, Missouri

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14600 210 Hwy
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