2609 Range Line RdJoplin, MO 64801

For Sale
$2,500,000

High-yield, fully occupied shopping center

Overview

Added:
Dec 11, 2024
Days on market:
92
Oakland Plaza, a thriving retail investment opportunity in Joplin, Missouri, presents a compelling case for investors seeking strong returns. This stabilized shopping center boasts 16,490 square feet of net rentable space across four single-story buildings, situated on a 3.55-acre lot. Currently operating at 100% occupancy, the property commands a compelling 6.10% cap rate and a price per square foot of $151.61, reflecting its strong performance and prime location. The asking price is $2,500,000. The property enjoys exceptional visibility with 300 feet of frontage along Rangeline and Zora Streets, ensuring high traffic and exposure for tenants. Convenient access is provided from both major thoroughfares. Adding to the investment's appeal, the sale includes two residential properties located at 3115 E Zora and 3121 E Zora, presenting additional income potential or future development options. This multi-tenant shopping center in the 64801 zip code of Jasper County offers a rare combination of strong cash flow, prime location, and significant upside potential. The property's excellent condition and high occupancy rate make it an attractive investment for both seasoned and emerging real estate investors.

Highlights

  • Highly visible, fully occupied 16,490 SF strip center with 300' of frontage on Rangeline & Zora Streets in Joplin, MO.
  • Includes two residential properties at 3115 E Zora & 3121 E Zora.
  • Excellent access from Rangeline & Zora Streets.

Property Details for 2609 Range Line Rd

Property type
Lifestyle centers, Power centers
Square Feet
16,490 SF
Buildings
4
Stories
1
Lot Size (sq. ft)
154,638 SF

Location Insight

City
Joplin
County
Jasper
State
Missouri
Latitude
37.113500288232
Longitude
-94.475832906582
2609 Range Line Rd, Joplin, Missouri

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2609 Range Line Rd
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