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Vacant-User

$1 Auction | Former Kum & Go - Hard Corner

103 W Old Mill Rd, Fair Grove, MO 65648

Listing Price: $1

Gross SF
6,519
Rentable SF
6,519
Lot Size
1.28 acres
Year Built
1982

Investment Overview

Register to Bid and Access Due Diligence Documents on RI Marketplace Marcus & Millichap and RI Marketplace are pleased to present a vacant, freestanding, retail building located at 103 W. Old Mill Road in Fair Grove, Missouri (the “Property”). The Property is offered below replacement cost and offers an exceptional owner/user or investment opportunity with value enhancement potential at a significant discount. Built in 1982, the Property is comprised of a one-story, freestanding building totaling ±6,519 square feet. Positioned on ±1.277 acres of land (±55,610 SF), the Property offers abundant parking with 22 surface spaces and access to the site is provided via three curb cuts, two along the northern line of SH 125 and one along the southeastern line of N. Orchard Boulevard. The Property was formerly occupied by Kum & Go, a gas station/convenience store on a triple net lease at a rental rate of $60,000 per year ($9.20/SF) and permanent tank closure by removal of both underground storage tanks (USTs) and above ground storage tank (AST) completed in November 2019. The Property features a large open building, ±6 entrances, show room style windows and commercial store entry doors, paved parking lot, and a masonry store front. The Property offers potential investors the ability to acquire a freestanding retail shopping center with significant value add through long term lease up, adaptive reuse, or repositioning. The Property is located in the “C-1” General Commercial District offers favorable flexible zoning allowing for a variety of uses. The Property is located in southwestern MO in Greene County within the Springfield Metropolitan Statistical Area (MSA). The Property is located along the northeast corner of W. Old Mill Road and N. Orchard Boulevard and benefits from its corner location just off US-65 with nearly 12k vehicles passing through the area daily. The neighborhood is developed with residential development, small retail sites, several banking institutions, and light industrial. The Property offers convenient access to the greater area and is ideally positioned less than a half mile from US-65 and just 25-minutes from Downtown Springfield, MO. The Property is positioned within a half mile of Fair Grove’s elementary, middle, and high schools. The Property serves ±21,083 individuals with an AHHI of ±$67,983 within a 5-mile area and an expanded 10-mile trade area with ±23,606 individuals with an AHHI of ±$71,472.

Investment Highlights

  • ABSOLUTE $1 AUCTION | SPRINGFIELD, MO MSA | AUCTION MAY 23-25, 2022
  • ±6,519 SF Former Kum & Go Converted to Inline Retail Available at Significant Discount Below Replacement Cost
  • Built in 1982 and Suitable for a Variety of General Commercial Uses
  • Nearby Traffic Drivers: Subway, O'Reilly Auto Parts, Price Cutter, Kum & Go, Dollar General, and More
  • Excellent Visibility on Hard Corner Intersection and Positioned Near US-65 with Traffic Counts of ±11,322 VPD
  • Absolute $1 Auction – First Bid Meets Reserve

Exclusively Listed By

Vacant-User

$1 Auction | Former Kum & Go - Hard Corner

Listing Price: $1

Gross SF
6,519
Rentable SF
6,519
Lot Size
1.28 acres
Year Built
1982

Investment Highlights

  • ABSOLUTE $1 AUCTION | SPRINGFIELD, MO MSA | AUCTION MAY 23-25, 2022
  • ±6,519 SF Former Kum & Go Converted to Inline Retail Available at Significant Discount Below Replacement Cost
  • Built in 1982 and Suitable for a Variety of General Commercial Uses
  • Nearby Traffic Drivers: Subway, O'Reilly Auto Parts, Price Cutter, Kum & Go, Dollar General, and More
  • Excellent Visibility on Hard Corner Intersection and Positioned Near US-65 with Traffic Counts of ±11,322 VPD
  • Absolute $1 Auction – First Bid Meets Reserve

Investment Overview

Register to Bid and Access Due Diligence Documents on RI Marketplace Marcus & Millichap and RI Marketplace are pleased to present a vacant, freestanding, retail building located at 103 W. Old Mill Road in Fair Grove, Missouri (the “Property”). The Property is offered below replacement cost and offers an exceptional owner/user or investment opportunity with value enhancement potential at a significant discount. Built in 1982, the Property is comprised of a one-story, freestanding building totaling ±6,519 square feet. Positioned on ±1.277 acres of land (±55,610 SF), the Property offers abundant parking with 22 surface spaces and access to the site is provided via three curb cuts, two along the northern line of SH 125 and one along the southeastern line of N. Orchard Boulevard. The Property was formerly occupied by Kum & Go, a gas station/convenience store on a triple net lease at a rental rate of $60,000 per year ($9.20/SF) and permanent tank closure by removal of both underground storage tanks (USTs) and above ground storage tank (AST) completed in November 2019. The Property features a large open building, ±6 entrances, show room style windows and commercial store entry doors, paved parking lot, and a masonry store front. The Property offers potential investors the ability to acquire a freestanding retail shopping center with significant value add through long term lease up, adaptive reuse, or repositioning. The Property is located in the “C-1” General Commercial District offers favorable flexible zoning allowing for a variety of uses. The Property is located in southwestern MO in Greene County within the Springfield Metropolitan Statistical Area (MSA). The Property is located along the northeast corner of W. Old Mill Road and N. Orchard Boulevard and benefits from its corner location just off US-65 with nearly 12k vehicles passing through the area daily. The neighborhood is developed with residential development, small retail sites, several banking institutions, and light industrial. The Property offers convenient access to the greater area and is ideally positioned less than a half mile from US-65 and just 25-minutes from Downtown Springfield, MO. The Property is positioned within a half mile of Fair Grove’s elementary, middle, and high schools. The Property serves ±21,083 individuals with an AHHI of ±$67,983 within a 5-mile area and an expanded 10-mile trade area with ±23,606 individuals with an AHHI of ±$71,472.

Exclusively Listed By

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