Pearl Street 410 S Pearl Ave 15,334 SF 100% Leased Office Building Joplin, MO 64801 $2,064,795 CAD ($134.65 CAD/SF) 5.49% Cap Rate

Fantastic single level Commercial Building w/one large residential unit (on second floor)!
Property currently has 14 tenants ranging from dentistry, physical therapy to attorneys offices. The property produces an approximate 5.49% Cap Rate with current income and an approximate pro forma Cap Rate of 9.37% (With implementation of a RUBS Program)!! The property is in excellent condition and has been well kept by the current long term (over 50 years) family/owner. Perfect for the Owner User. Enormous upside for the investor looking to break into the Joplin Commercial/Mixed Use Market!! Experience Huge upside with the implementation of a RUBS program! Contact Broker for Offer Memo.
Perfectly Positioned Mixed Use Building!!
• Blocks to New Courthouse, Police Station, City Hall and the New Cornell Arts and Entertainment Complex and Spiva Performing Arts Center! The combination of a business-centric environment (Court House and City Hall) with a cultural and creative hub (Cornell Complex and Spiva Center) offers a unique balance between professional services and cultural enrichment. This diverse ecosystem attracts a wider variety of tenants, from corporate offices to creative professionals. Investors will recognize that this dual
appeal broadens the potential pool of tenants and increases the property’s adaptability to different types of commercial ventures.
• Being within the Murphysburg Historic District, an investor has the opportunity to stake their claim in a nationally recognized area known for its rich architectural heritage and proximity to key city amenities. Murphysburg is a mixed-use community with tree-lined streets, local businesses, and community organized cultural events that happen throughout the year. The Historic Murphysburg Preservation Organization actively promotes neighborhood pride and quality of life. Not to mention the soon to be completed
Murhysburg / Joplin Historical Homes Museum (with multiple homes originally built in the 1800's) being resurrected to their former glory!
• Nearby Empire Market is a vibrant farmers' market that serves as a hub for local food producers, artisans, and community events. It's a key place that attracts visitors and supports the local economy, making it an asset for nearby businesses.
• Minutes to U.S. 71, I-44, I49, U.S. 60, State Route 43 and two blocks to US Route 66. These major highways and routes provide excellent access for local / regional traffic and Interstate transport.