Remarks

Cates Auction is pleased to present for auction a prime commercial property located at 101-105 W Broadway, Excelsior Springs. This versatile property offers 9,520 ± rentable SF, divided evenly between 4,760 ± SF of ground floor retail space and 4 multifamily units spread across 4,760 ± SF. The second-story multifamily units feature thoroughly updated and spacious 2-bedroom, 1-bath floor plans, making it an attractive option for renters. The property also includes a 2,614 SF parking lot, with 5 dedicated parking spots and ample street parking, ensuring convenience for both tenants and customers.

Constructed with solid brick, the building is zoned C-2, providing a robust opportunity for a variety of commercial uses. Retail tenants benefit from an extensive basement storage area, ideal for inventory and supplies. The property's exterior and interior have been meticulously maintained, with extensive updates throughout, enhancing its appeal and functionality.
Situated in the heart of the Excelsior Springs Central Business District, this property is surrounded by significant commercial and residential development. The downtown location offers exceptional visibility and foot traffic, with shops, restaurants, and retail outlets within walking distance. The property features a diverse tenant profile, providing stable cash flow for investors, along with a security camera system for added peace of mind. It presents a value-add opportunity through potential improvements and rent increases, making it an excellent investment.

This is a rare opportunity to own a piece of Excelsior Springs history. With its blend of retail and multifamily spaces, prime location, and well-maintained condition, this property is poised to offer significant returns for the discerning investor. Don’t miss your chance to acquire this exceptional downtown asset at auction. Please submit offers online. Bidding ends August 29 at 1 PM.

Details

MLS#: 2500189
Price: $655,000

Style: Other
Year Built: 1900

County: Clay
Tax Fee: 6187