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453-463 S Thompson Ave
Excelsior Springs, MO 64024

$465,000 USD

Storefront Retail Office For Sale • 8,129 SF

Property Details

Property Type Storefront Retail Office
Total Building Size 8,129 SF
Lot Size 0.37 AC
Building Class B
Year Built 1930
Tenancy Multiple
Zoning C-2

0 Transit Score

52 Walk Score

                
                    Highlights
                
                                Prime Downtown Location Situated in the heart of Excelsior Springs’ historic district — walkable to the Elms Hotel & Spa 
                            
                                5 Leased Commercial Units + 1 Vacant Opportunity Cash-flowing with 5 fully leased units and a potential 6th unit ready for value-add or owner-user 
                            
                                Income-Producing Investment Currently generating approximately $4,900/month in rental income with additional upside potential.
                            
                                6.75%+ Current Cap Rate Strong return with potential to exceed 7.5% when fully stabilized and all units are leased.
                            
                                Subdivision Potential Currently under review for individual parcel separation — ideal for condo-style resales or 1031 exit strategy.
                            
                                Surging Downtown Revitalization Part of Excelsior Springs’ economic development zone with continued investment in tourism & small business's