3400 Ashland Avenue St Joseph, MO 64506
Located on the northside of St. Joseph in Ashland Square, just off of Business I-29 (North Belt Highway). Occupancy 86%. In the last 5 years a new parking lot, roof, and HVACS installed. Lighting upgraded to LED for low maintenance. Most suites have been updated. In the last 2 years, two major tenants occupying 5, 920 sq ft have had major updates to units. ATM machine on property with high return. Overall property is currently at a 7% CAP rate, with room to improve up to 9% CAP with current month-to-month leases and 100% occupancy. Avg lease rate is $8.76 well below the average, current lease rate in St. Joseph. Room to increase CAP rate even more! Showings must be scheduled with the listing agent. Some leases are available for $9 per square foot and some are higher - please reach out for more detailed information.
- Property TypeCommercial
- NeighborhoodN/A
- CountyBuchanan
- Taxes$16,268
- HOA/Condo/Coop Fees$0
- Days on Site65 Days
- MLS StatusActive
- MLS ID Number2482445
- Home Size Source N/A
- Year Built1981
- Lot Size1.69 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Parking Lot
- Number of Stories 2
- Accessibility Features Accessible Entrance
- Zoning COM
Exterior Features
- Exterior Building Sign
- Road Frontage Other
Community Features
- MLS Area 1132 - Buchanan Co NW-N=Co Line;S=I-36;E=I-29;W=Mo River