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302-304 Broadway 11,592 SF 100% Leased Retail Building Hannibal, MO 63401 $299,000 ($25.79/SF) 7.63% Cap Rate
EXECUTIVE SUMMARY
Downtown opportunity with immediate income! This attractive 3-story commercial building is located on bustling Broadway, offering high visibility & a prime spot in Hannibal’s growing downtown district. The exterior received a fresh facelift & offers a full-length, street-facing display window which draws in foot traffic & enhances curb appeal for all of downtown to see! The main level has been extensively renovated, featuring all new flooring, modern bathrooms, & an updated kitchen area; this floor is currently leased at $1,900/month, providing immediate ROI. The 2nd floor offers wide open space with a unique layout, beautiful views of the downtown area, & opportunity to craft it into whatever you see best fit! A secondary front entrance allows direct access to the upper levels without disrupting the 1st floor space, ideal for multi-tenant configurations or private office access. The 3rd floor offers space for storage & a 594sqft concrete loading dock can be purchased upon request!
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
11,592 SF
Building Class
C
Year Built
1873
Price
$299,000
Price Per SF
$25.79
Cap Rate
7.63%
NOI
$22,800
Percent Leased
100%
Building Height
3 Stories
Building FAR
2.05
Lot Size
0.13 AC
Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 010.08.28.2.20.008.010 | Improvements Assessment | $31,230 |
| Land Assessment | $3,280 | Total Assessment | $34,510 |
PROPERTY TAXES
Parcel Number
010.08.28.2.20.008.010
Land Assessment
$3,280
Improvements Assessment
$31,230
Total Assessment
$34,510
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302-304 Broadway
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