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For sale 3 days ago

$163,900

rooms ba 2944 sqft

510 N 4th St, St. Joseph, MO 64501

Commercial Commercial

Current Rent **

N/A

Projected Rent **

$2,500

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Updated property in great location!

I have a C-3 zoned mixed-use property for sale in St. Joseph, MO that would make for a great investment! It has an excellent location being just a block from the courthouse and in an opportunity zone. It was previously an attorney's office. The property is huge at almost 3000sf with 4 rooms and a bathroom on each level which gives you several options. The interior has been renovated with fresh paint and new flooring, while the exterior could still use a little love but its not urgent.

Rent it out to a single business, 2 separate businesses, individual offices or use for a work/live situation since there is a full bath upstairs and a kitchenette on the main level. I would estimate you could rent it out for $2-3k/mo which would provide for some good cash flow, but please do your own research. This property is currently zoned C-2 Commercial which permits mixed commercial and residential use. The city planner has said a request to rezone to R-3 is possible to bring it back to full residential use. Please reach out to me with any questions. I am the owner/agent of this property.

You can find the listing anywhere, as I have listed it as both residential and commercial.

Robin Hunter
Chartwell Realty

Location:

510 N 4th St, St. Joseph, MO 64501

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.