19801 E. Valley View Pkwy.

Independence, MO

Retail for Sale - $1,250,000


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Agent Info

NameJeff Cates
CompanyCates Auction & Realty Co., Inc.

Property Info

CIMLS #968665
Location19801 E. Valley View Pkwy.
Independence MO 64057
Last UpdatedJanuary 5th, 2018
TypeRetail
Price$1,250,000

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Property Description

Freestanding 6000 SF Retail/Restaurant Building on 1.5 Acres in Class A Location Strategically Situated Between Two Hotels | Last Listed at $1,550,000

INVESTMENT HIGHLIGHTS

6000 SF +/- Freestanding Retail/Restaurant Building on 1.5 Acre +/- Site

Former Rib Crib BBQ and Grill Occupied Space for 12 Years

Major Retail Corridor Anchored by Silverstein Eye Centers Arena, Costco, Lowes, etc.

Strategically Situated Between Two Hotels (Holiday Inn Express and Comfort Suites Hotels)

Trade Area includes Arby’s, IHOP, Outback Steakhouse, Golden Corral, Culvers, Hooters, etc.

Located Within Commercial/Residential Quadrangle with Traffic Counts over 200,000 VPD.

Significant Upside through Stabilization, Value Add or Repurposing

INVESTMENT OVERVIEW

This well-maintained retail/restaurant property formerly Rib Crib BBQ and Grill was built in 2005 and features a 6000 SF +/- freestanding building on 1 .5 +/- acres located at 19801 E. Valley View Parkway, Independence, Missouri. The property is strategically situated between two hotels (Holiday Inn Express and Comfort Suites) in an excellent retail corridor anchored by the Silverstein Eye Centers Arena, Costco, Lowes, CarMax, etc. Other restaurants in the area include Arby’s, IHOP, Outback Steakhouse, Golden Corral, Culvers, Hooters, Kobe Japanese Steakhouse, bd Mongolian, Carrabba’s Italian Grill, etc.

Located in a busy commercial/residential quadrangle bordered by Interstates I-70 to the north, I-470 to the west, US-40 Hwy to the south and Little Blue Parkway to the east, this highly visible development has traffic counts in excess of 200,000 vehicles per day.

BUILDING TYPE: Freestanding Retail/Restaurant

BUILDING CLASS: A

TOTAL AREA: 6,000 SF +/-

USEABLE AREA: 5,240 SF +/-

SITE AREA: 1.51 Acres +/- (65,699.62 sq. ft.)

YEAR BUILT: 2005

ZONING: C-2 General Commercial

CONSTRUCTION: Steel, masonry, wood

FOUNDATION: Concrete slab

EXTERIOR: Wood lap siding, Stone columns

ROOF: Composition/Derbygum

SIGNAGE: Building, multiple locations

PARKING: 88 asphalt surface spaces +/-, ADA compliant

PARCEL ID: 34-620-04-03-00-0-00-000

2016 RE TAXES: $22,844.68


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