409 Washington

409 Washington, West Plains, MO 65775

$485,900

Description

Income-Producing Commercial Investment | Downtown West Plains | Howell County, MissouriOutstanding opportunity to own an income-producing commercial investment in Downtown West Plains, Howell County, Missouri. Located at 409 Washington Avenue, this approximately 4,600-square-foot commercial building is currently leased, providing immediate rental income with scheduled lease increases already built into the current lease, creating predictable income growth and added value for investors.Whether you're looking to expand your commercial real estate portfolio, complete a 1031 Exchange, or purchase a quality commercial property with long-term appreciation potential, this property offers an exceptional opportunity in one of the Missouri Ozarks' most active and growing business districts.One of the property's most valuable assets is the dedicated private parking lot--a rare and highly desirable amenity in Downtown West Plains. Combined with excellent visibility, an inviting outdoor patio, and a prime location just off the Historic Court Square, this property offers features that are increasingly difficult to find in today's commercial market.The approximately 4,600-square-foot building is currently leased to an established bar and grill, providing immediate cash flow from day one. Even better, the existing lease includes scheduled rental increases, allowing investors to benefit from growing income throughout the lease term. Please note that all restaurant equipment is owned by the tenant and is not included in the sale.Downtown West Plains continues to thrive as the commercial and cultural center of the region. The Historic Court Square is home to a vibrant mix of retail shops, locally owned restaurants, professional offices, financial institutions, boutiques, and service businesses, creating a destination that attracts residents and visitors alike.

Location