116 West Sherman Way, Nixa, MO 65714

$1,700,000
Property Type: Commercial-All Types Baths: 7 Square Footage: 20,100 Lot Size (sq. ft.): 70,132 Status: Closed
Current Price: $1,700,000 List Date: 8/05/2024 Last Modified: 12/30/2024

Description

The search stops here! Check out this premier commercial real estate opportunity in Nixa, MO! We proudly present a 20,000+ square foot strip center situated on Sherman Way, boasting an impressive 336 feet of road frontage on 1.61 acres of prime ''Highway Commercial'' zoned land. This strategic location offers excellent accessibility, with a convenient distance to Springfield, MO, making it ideal for businesses looking to tap into a larger market. Nixa itself enjoys a vibrant community with a population of over 26,000, complemented by the broader customer base of Christian County (population 95,000+). The property features a total of 11 rental spaces. Among these units is a standout 11,550 square foot space (7 combined rental units) housing a thriving indoor climate-controlled storage facility—a secure and profitable business that is included in the sale of the property. There are currently 3 other tenants (2 that occupy one space and 1 that occupies two spaces) in the building. One lease expires in July of 2027, One expires in June of 2025 and one ends in 2026.All three additional tenants have expressed interest in signing additional lease agreements after theirs expire which will ensure stable rental income for the future owner. This property was built to last with steel frame clear span construction on a concrete slab with 15' eve heights. The roof covering is raised seam pre-finished steel panels with a single slope design extending over the covered front sidewalk. Each unit has a commercial glass front consisting of aluminum framed fixed plate glass windows and aluminum framed plate glass doorways. Each unit has an insulated rear doorway set in a steel jamb (unit 11 also has a 10 x 10 overhead door accessing the rear of the unit) The exterior finish of the building has brick veneer along the front and sides with the rear of the building having a raised seam steel panel exterior and each unit is individually heated and cooled by their own system.

Supplements: This strip center not only provides substantial space but also represents a strategic investment in Nixa's burgeoning commercial landscape. The Highway Commercial zoning offers flexibility for a variety of businesses, from retail to service-oriented ventures. Whether you are expanding your portfolio or starting anew, this property offers long-term potential and community integration in a rapidly growing area. Please do not disturb tenants and direct all questions through an agent. Prequalified buyers only please. NDA agreement is required before sharing any financial information. Buyers to do own due diligence as all information above is deemed to be reliable but not guaranteed.

More Information MLS# 60274751

Contract Information

Construction Status: Existing Transaction Type: Sale List Price/SqFt: 84.58 Foreclosure/Short Sale: No Property Sub-Type: Other Begin Date: 2024-08-05 List Price: $1,700,000 Agreement Type: Exclusive Right To Sell Sign on Property: 1

Location, Tax and Other Information

Inside City Limits: Yes RE Tax Provided By: Assessor Records

General Property Description

SqFt - Vacant: 0 SqFt - Office Space: 20100 SqFt - Retail Space: 0 Waterfront/View: None Lake/River: None Baths - Total: 7 Total SqFt: 20100 Aprx Year Built: 2006 Aprx Lot Size (Acres): 1.61 Lot Dimensions: Acres

Status Change Info

Price Disclosed: No Status: Closed Under Contract Date: 2024-10-31 Sold Date: 2024-12-30

Location Tax and Other Information

Street #: 116 Street Direction: West Street Name/Route: Sherman Suffix: Way County: Christian State/Province: MO Zip Code: 65714 Parcel ID: 10-0.1-12-002-002-034.001 Real Estate Tax: 28402.69 Tax Year: 2023

Remarks Misc

Directions: hwy 160 & Aldersgate, East on Aldersgate to Sherman Way, left on Sherman Way to the building on the right.
Listing Office: RE/MAX SHOWTIME
IDX
Last Updated: December - 30 - 2024
Data relating to real estate for sale on this web page comes in part from the Internet Data Exchange (IDX) of the Southern Missouri Regional MLS, LLC, Inc. Real estate listings held by Brokerage firms other than the website owner are marked with the IDX logo and detailed information about them includes the name of the listing Brokers. The information being provided is not guaranteed and should be verified by the consumer and is for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers wish to purchase. Any representation that a web site contains all listings shall only mean that the web site contain all listing available to the public through the IDX data feed and other available properties may not be displayed on this site. © 2023 Southern Missouri Regional MLS, LLC All rights reserved.

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