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$ 1,350,000
Est. payment /mo
Pending
Address not disclosed Farmington, MO 63640
1.55 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Pending
Purchase Type For Sale
Subdivision J C Williams Add
MLS Listing ID 26006966
Year Built 1990
Annual Tax Amount $19,139
Lot Size 1.550 Acres
Acres 1.55
Property Sub-Type Office
Property Description
Positioned in Downtown Farmington, this multi-tenant office investment offers a compelling value-add opportunity supported by vacant suites and month-to-month tenancy, allowing a new owner immediate flexibility to increase rents and improve cash flow.
The building totals 32,376 square feet, with approximately 22,500 square feet of leasable office space, complemented by functional common areas including hallways, restrooms, conference rooms, and a shared break room. Suite sizes vary, making the property suitable for a broad range of users—from single-office professionals to larger multi-employee businesses.
Tenants enjoy access to two shared conference rooms, a break room, secure interior mailboxes, and elevator and stair access to the second floor. Common-area restrooms are located on each level, with select suites featuring private restrooms.
Leases are currently structured on a gross basis, with rents inclusive of taxes, insurance, common area maintenance, and utilities, offering operational simplicity and future repositioning potential. An additional ±0.265-acre corner parking lot located at Jackson and Patterson Streets is included in the sale, providing added convenience and long-term flexibility.
This offering presents investors with a stabilized footprint and clear upside in a centrally located office asset with scalable tenant mix and strong fundamentals.
The property offers immediate value-add potential through lease-up of vacant suites and flexible month-to-month tenancy. Current gross lease structure provides simplicity while allowing future lease restructuring at buyer's discretion. An additional ±0.265-acre corner parking lot enhances accessibility and long-term flexibility. Information deemed reliable but not guaranteed; buyer to verify all financial and property details.
The building totals 32,376 square feet, with approximately 22,500 square feet of leasable office space, complemented by functional common areas including hallways, restrooms, conference rooms, and a shared break room. Suite sizes vary, making the property suitable for a broad range of users—from single-office professionals to larger multi-employee businesses.
Tenants enjoy access to two shared conference rooms, a break room, secure interior mailboxes, and elevator and stair access to the second floor. Common-area restrooms are located on each level, with select suites featuring private restrooms.
Leases are currently structured on a gross basis, with rents inclusive of taxes, insurance, common area maintenance, and utilities, offering operational simplicity and future repositioning potential. An additional ±0.265-acre corner parking lot located at Jackson and Patterson Streets is included in the sale, providing added convenience and long-term flexibility.
This offering presents investors with a stabilized footprint and clear upside in a centrally located office asset with scalable tenant mix and strong fundamentals.
The property offers immediate value-add potential through lease-up of vacant suites and flexible month-to-month tenancy. Current gross lease structure provides simplicity while allowing future lease restructuring at buyer's discretion. An additional ±0.265-acre corner parking lot enhances accessibility and long-term flexibility. Information deemed reliable but not guaranteed; buyer to verify all financial and property details.
Location
State MO
County St. Francois
Area 700 - Farmington
Interior
Heating Forced Air
Cooling Central Air
Flooring Carpet, Tile
Fireplace N
Laundry None
Exterior
Fence None
Utilities Available Electricity Connected, Sewer Connected, Water Connected
View Y/N No
Building
Water Public
Structure Type Brick
Others
Ownership Private
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Listed by Alyssa Bryant • Epique Realty