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500 N Keene St
Columbia, MO 65201

$129,240 - $1,578,600 USD

Medical Condos For Sale  •  718+ SF

Property Details

  • Property Type Medical
  • Total Building Size 80,000 SF
  • Lot Size 4.37 AC
  • Building Class B
  • Year Built 1983
  • Cap Rate 8.90 %
  • Tenancy Multiple
  • Zoning M-OF
70 Walk Score

6 Units Available

Name Condo Use Size Price Details
1st Floor - Unit 101 Medical 7,016 SF $1,578,600 USD
  • Unit Size: 7,016 SF
  • Condo Use: Medical
  • Price: $1,578,600 USD
  • Sale Type: Owner User
  • Price/SF: $225.00 USD
Description
The buildout features a large waiting room, built-in reception desk, 3 restrooms, 13 exam rooms, 7 offices, and several smaller rooms that may be converted to office/exam rooms.

Sale Notes
For Sale: $1,578,600
For Lease: $17 S.F. NNN
Property Overview:
7,016 S.F. medical office available for sale or for lease on the first floor of 500 Keene St. 
Occupied by an eye care clinic, will move upon sale or lease.
NNN terms: $2.18 S.F. Taxes & $3.75 S.F. Condo Dues
The furniture and medical equipment are not included in the sale.
The property offers abundant common area parking, over 200+ spaces. 
Building uses are restricted to medical only. 
The property fronts Keene St. and offers convenient access to 
    interstate 70 and highway 63. 
All tours must be conducted through the listing broker and 
    scheduled with 24-hour notice.

2nd Floor - Unit 202 Medical Office 1,184 SF $195,000 USD
  • Unit Size: 1,184 SF
  • Condo Use: Medical Office
  • Price: $195,000 USD
  • Sale Type: Investment
  • Price/SF: $164.70 USD
Description
Medical office condo featuring a waiting room, reception, nurse station, 3 treatment rooms, a work room, and an office. Primary access via common area elevators.

Sale Notes
Fully built out medical office condo available for sale or lease. The condo offers direct access to the first floor of the adjacent University of Missouri Women's Hospital. There are a combined 5 suites available for sale or lease on the second floor. The remaining floors are 100% leased to medical practices.

2nd Floor - Unit 204 Office 1,267 SF $228,060 USD
  • Unit Size: 1,267 SF
  • Condo Use: Office
  • Price: $228,060 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $180.00 USD
Description
Suite 204 offers 3 private offices with window views facing north, and 2 spaces for an open office concept. 
Suite can be combined with suite 205 as the units share access from the common area.
The Suite offers direct access to the first floor of University of Missouri Women’s 
        Hospital.
Common area restrooms available. 
Elevator and stairwell access available.
Virtual tour available at www.mahercre.com

Sale Notes
Suite 204 offers 3 private offices with window views facing north, and 2 spaces for an open office concept. 
Suite can be combined with suite 205 as the units share access from the common area.
The Suite offers direct access to the first floor of University of Missouri Women’s 
        Hospital.
Common area restrooms available. 
Elevator and stairwell access available.
Virtual tour available at www.mahercre.com

2nd Floor - Unit 205 Medical Office 718 SF $129,240 USD
  • Unit Size: 718 SF
  • Condo Use: Medical Office
  • Price: $129,240 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $180.00 USD
Sale Notes
Prime medical office suite available for lease at 500 Keene St., Suite 205 in Columbia, Missouri, currently occupied by Alpha Medical Labs through January 31, 2028. This stabilized, income-producing opportunity offers investors and owner-users a turnkey medical tenant in place with predictable cash flow through the lease term. Contact Maher Commercial Real Estate to learn more about this sought-after medical office asset in Columbia's growing healthcare corridor.

2nd Floor - Unit 206 Medical Office 2,156 SF $388,080 USD
  • Unit Size: 2,156 SF
  • Condo Use: Medical Office
  • Price: $388,080 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $180.00 USD
Description
Suite 206 offers 9 private offices with 3 private restrooms. Many of the offices can be converted to exam rooms. 
The Suite offers direct access to the first floor of University of Missouri Women’s Hospital.
Common area restrooms available. 
Elevator and stairwell access available.
Virtual tour available at www.mahercre.com

Sale Notes
Suite 206 offers 9 private offices with 3 private restrooms. Many of the offices can be converted to exam rooms. 
The Suite offers direct access to the first floor of University of Missouri Women’s Hospital.
Common area restrooms available. 
Elevator and stairwell access available.
Virtual tour available at www.mahercre.com

2nd Floor - Unit 207 Medical 3,761 SF $846,225 USD
  • Unit Size: 3,761 SF
  • Condo Use: Medical
  • Price: $846,225 USD
  • Sale Type: Investment
  • Price/SF: $225.00 USD
Description
3,761 S.F. Class A medical office available for sale or lease in the Keene St. medical district.
Lease on a NNN basis, estimated at $5.60 S.F.
Space features a reception, waiting room, several private offices and treatment rooms.
No structural walls within the condo allowing for flexible reconfiguration of the floorplan.
The suite is located on the second floor of the Keene Medical Building, stairwell and elevator access available. 
The Keene Medical Building is situated on the hard corner of Keene St. & Berrywood Dr., in the heart of the premiere medical district in Columbia, MO. ?

Sale Notes
3,761 S.F. Class A medical office available for sale or lease in the Keene St. medical district.
Lease on a NNN basis, estimated at $5.60 S.F.
Space features a reception, waiting room, several private offices and treatment rooms.
No structural walls within the condo allowing for flexible reconfiguration of the floorplan.
The suite is located on the second floor of the Keene Medical Building, stairwell and elevator access available. 
The Keene Medical Building is situated on the hard corner of Keene St. & Berrywood Dr., in the heart of the premiere medical district in Columbia, MO. ?

Description

The subject property is a four-story medical office building consisting of a mixture of University of Missouri medical practices and private medical practices. The building contains 18 condos which are owned by 5 entities in total. 
The 500 Keene building is situated in Columbia, Missouri's medical district with direct access to the University of Missouri Women's Hospital. 
The second and third floors of 500 Keene feature direct access to the Hospital allowing for easy access for medical practitioners who office in 500 Keene.
The subject property is managed by a condo association that handles all of the building maintenance. Recent building improvements include resurfacing of the parking lot, foundation repairs, and cosmetic enhancements.

Highlights

Medical office condos with direct access to University of Missouri Women's Hospital
Premiere location in the heart of Columbia, MO's Keene Street medical district
Investment and Owner/User opportunities available

Property Flyers

Cap Rate: 8.90 %

Major Tenants

Tenant SF Occupied Lease End Date
Suite 101 - Columbia Eye Consultants, Opthalmology
Suite 102 - Retina Associates of Missouri
Suite 103 - Columbia Eye Consultants Optometry
Suite 203 - Reproductive Health & Fertility Center
Suite 303 - Urology Specialists - Adult
Suite 306 - Female Continence & Pelvic Surgery
Suite 405 - Department of OB/GYN & WHA
Suite 406 - Maternal Fetal Medicine & Ultrasound

Amenities

  • 24 Hour Access
  • Bus Line
  • Controlled Access
  • Signage
  • Accent Lighting
  • Atrium
  • Central Heating
  • Drop Ceiling
  • Air Conditioning

Public Transportation

AirportDriveWalkDistance
Columbia Regional 17 min - 12.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 294
Type: Surface
Included in Rent: Yes
Jack Maher, III 573-489-6860 Maher Commercial Real Estate
Jack Maher, III 573-489-6860 Maher Commercial Real Estate