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Listed by SimmonsSales Team • RE/MAX Area Real Estate
$ 495,000
Est. payment /mo
Active
453-463 S Thompson AVE Excelsior Springs, MO 64024
0.37 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2543422
Year Built 1930
Annual Tax Amount $4,644
Lot Size 0.370 Acres
Acres 0.37
Property Sub-Type Retail
Source hmls
Property Description
Incredible Investment Opportunity in Historic Downtown Excelsior Springs! Situated just steps from the iconic Elms Hotel & Spa and surrounded by walkable retail, dining, and brewery destinations, this multi-unit commercial property offers unmatched location, visibility, and income potential. The property includes five fully leased units totaling 8,129 SF (with potential for a sixth), all situated on 0.37 acres and zoned C-2 (General Commercial). Tenants operate on month-to-month leases with flexibility to convert to one-year terms if needed for lending purposes. Unit 461 is newly leased (May 2025) at $900/month and also generates $200/month additional income from container storage leased by neighboring Dubious Claims Brewery. Currently generating $4,900/month ($58,800/year), with a GRM of 9.43, the property sits under a single parcel ID with strong potential for future subdivision per unit. Utility Disclosure: Tenants are responsible for their own utilities with separate meters for most units, with the exception of Units 459 and 461, which share a water meter—averaging $64/month, paid by the landlord and included in rent. Insurance premium is $2,857/year and a tax abatement through 2030 is pending final correction with the county (projected under $1,000/year). Investors and commercial buyers alike will appreciate the flexibility, visibility, and growth trajectory of Excelsior Springs' thriving downtown district.
Location
State MO
County Clay
Zoning C-2
Interior
Fireplace N
Exterior
Exterior Feature Display Window
Utilities Available Natural Gas Available, Water Available
Building
Story 1
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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