33K S.F. Land for Redevelopment 402 E Broadway 5,600 SF 100% Leased Retail Building Columbia, MO 65201 $5,950,000 ($1,062.50/SF) 3.79% Cap Rate

Prime Downtown Location with Immediate Income
Two stabilized properties generating cash flow from established restaurant tenants (Shiloh Bar & Grill and The Broadway Diner) with 4-5 years of lease term remaining, providing immediate returns while you plan future redevelopment.
Significant Redevelopment Upside in High-Demand Market
33,900 SF of prime downtown real estate positioned perfectly for student housing or mixed-use conversion. With Mizzou's consistent enrollment of 30,000+ students and limited downtown housing inventory, the demand for modern student housing within walking distance of campus is exceptionally strong.
Dual Revenue Streams During Transition
Collect rental income from existing restaurant tenants while securing entitlements and planning redevelopment. The staggered lease expirations (2029/2030) provide flexibility for phased redevelopment or negotiated early terminations.
Downtown Columbia Growth Trajectory
Located in Columbia's central business district, which has seen continued investment in retail, dining, and residential development. The city's stable economy anchored by Mizzou, strong demographics, and walkable downtown make this a low-risk, high-potential investment.
Rare Scale Opportunity
At nearly 34,000 SF combined, this represents one of the largest assemblage opportunities available in downtown Columbia. The scale supports efficient development economics for multi-story mixed-use projects that individual parcels cannot achieve.