PRIME COMMERCIAL PROPERTY

Transcription

1 New Listing! PRIME COMMERCIAL PROPERTY Hollister Office Building on 2 +/- Acres 118 State Drive Hollister, MO Excellent investment opportunity for those seeking commercial office space. Building is divided into 3 office suites with separate entrances. The building is 9,607 sq/ft on 2.1 acres and is zoned C-3 Commercial. Each suite features it s own kitchen/break room, restrooms, and conference rooms with several private offices. Lower level features over-head garage door. Easy access to the entire Tri-Lakes area. 9,607 sq/ft Zoned C-3 Commercial $350,000 MLS# Ample Parking Great Location Offered By: Chris vinton Vinton Commercial Realty 1017 W Main Hwy 76 Branson Mo Mobile: Phone: Fax: chris@ivalve.net Sales. Leasing. 1031Exchange. Retail. Build to Suit. Property Management. Site Selection. Consulting. Acquisitions. Investments

2 Page 1 of 1 10/25/2017 Agent Only Report 118 State Drive Hollister, MO $350, Commercial-All Types Office Active County: Taney Subdivision: Oaks Aprx Lot Size (Acres): 2.1 Aprx Year Built: 1993 Build to Suit: No Occupant Type: Vacant Divisible: No Divisible Comments: None Infill Allowance: No Infill Comments: None ''AS IS'' Lake/River: None Agreement Type: Exclusive Right To Sell Sign on Property: Yes Infill Comments: None ''AS IS'' Parent/Child: None List Price: $350,000 Original List Price: $350,000 List Price/SqFt: Lot Dimensions: 2.1 +/- acres SqFt - Total: 9,607 Primary Street Access: State Dr. Hollister Section: 18 Township: 22 Range: 21 Inside City Limits: Yes Cross Street: Hwy 165 Hollister Build to Suit: No Construction Status: Existing Park/Complex Name: Former Shepherd of the Hills Entertainment Office Building Estimated Completion: 10/10/2017 Foreclosure/Short Sale: Yes Historical District: No Directions: Hollister Exit Birch towards College of the Ozarks. Take Hwy 165 towards Table Rock Lake. State Drive will be on the left. Legal Description: Legal on title shall govern Lot 1 & Lot 2 Block A The Oaks Subdivision, City of Hollister Taney County Missouri Agent Remarks: Attached Seller's ''AS IS'' disclosure must accompany all offers submitted. Closing shall be at Hogan Land and Title. The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. Marketing Remarks: Professional Office in Hollister with easy access to Branson the entire Tri Lakes area sft on 2 acres has multiple offices as well as a lower level with over head garage door. Attached Seller's ''AS IS'' disclosure must accompany all offers submitted. The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. Call Listing Broker for more information. Financing: Cash; Conventional How to Show: Appt. Only; Key in Listing Office Lockbox: LB Type: None; Call for Instructions County: Taney View: Mountain; Panoramic Miscellaneous: Delivery Door(s); Free Standing; Handicap Accessible; Sign- Pole; Water Heater-Electric Utilities Available: Electric; Gas; High Speed Internet Access; Public Sewer; Public Water Business Type: Business Service; Office Details Dock Information Tax & Legal Parking: Spaces; Hard Surface; Paved Heating: Gas Cooling: Ceiling Fan; Central Restrooms: 7 View: No Waterfront/View: None Roof: Composition Docks/Slips: No Park/Complex Name: Former Shepherd of the Hills Entertainment Office Building Property Name: 118 State Dr Hollister Real Estate Tax: 7, Tax ID: Transaction Type: Sale Christopher Vinton Vinton Commercial Realty 1017 W. Main Hwy 76 Branson, MO chris@ivalve.net License #: Listing Office: Vinton Commercial Realty License #: Listing Member: Christopher Vinton License #: chris@ivalve.net LB Type: None Phone # to Show: Agent Cell Ph: Agent Primary Ph: Listing Broker Is?: Seller's Agent Owner Name: Great Southern Bank Divisible Comments: None Showing Instructions: Please call Listing Office to schedule showings Property Sub-Type: Office Financing: Cash; Conventional Status Change Date: 10/17/2017 Sign on Property: Yes Begin Date: 10/10/2017 Commission Buyer Agy: Cumulative DOM: 61 Commission Buyer Agy: 3% Days On Market: 9 Commission Sub Agy: $0 End Date: 10/30/2018 Commission Trans Brkr: 3% Information is deemed to be reliable, but is not guaranteed MLS and FBS. Prepared by Christopher Vinton on Wednesday, October 25, :26 AM. The information on this sheet has been made available by the MLS and may not be the listing of the provider.

3 Taney County, MO Parcel ID Alternate ID n/a Owner Address GREAT SOUTHERN BANK Sec/Twp/Rng Class n/a C/O ANDREW K BENNETT Property Address 118 STATE DR Acreage CARNAHAN, EVANS,CANTWELL, BROWN PC SPRINGFIELD MO District 5CXH Brief Tax Description OAKS OAKS LTS 1 & 2 BLK A; CITY OF HOLLISTER (Note: Not to be used on legal documents)

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8 DATA PRESENTATION SHEPHERD OF THE HILLS ENTERTAINMENT GROUP OFFICE BUILDING NEIGHBORHOOD The subject neighborhood lies along Historic Highway 165 which connects Highway 65 and the central area of Hollister (to the east) with Table Rock Lake and the lakeside neighborhoods to the west. Highway 165 is a sparsely populated capillary route with some minor commercial development and some other minor residential improvements built along the Highway frontage. In the subject s immediate vicinity is another commercial office building and a church. Some residences extend up Sunset Drive, all within 1000 feet of the subject. Back on the Highway frontage, there is a mini storage facility and two commercial office buildings about 1-mile further west. Another mile west is a small high density residential development. There are a handful of single family homes along this 2-3 mile corridor lying west of Highway 65 and the more developed area of Hollister around the Hollister interchange of Highway 65. Thus, much of the highway frontage is vacant land consisting of hills and valleys. It is estimated that more than 70% of the immediate neighborhood is still vacant land. COOPER APPRAISAL, LLC 33

9 DATA PRESENTATION SHEPHERD OF THE HILLS ENTERTAINMENT GROUP OFFICE BUILDING SITE DATA Site: The subject site is composed of approximately 2.1 acres +/-. It has 38 of frontage on Historic Highway 165 along the northwestern property line. It has nearly 550 of frontage along State Drive on the eastern property line. Both Highway 165 and State Drive are paved two lane publically maintained roads, neither having curbs, shoulders or street lights. There are two entrances to the subject along the State Drive frontage on either side of the subject s front parking lot. The southern half (1-acre +/-) is currently vacant Excess Land which could accommodate additional building improvements or could feasibly be severed off with its own State Drive frontage. Soil Info: Neither soil composition results nor environmental studies were made available to the appraiser. By a visual inspection only, of the surrounding area, there appears to be no adverse soil conditions present. The determination of soil stability or content is outside the scope of this appraisal and the appraiser recommends if there are any questions in this regard, that an expert in this field be contracted for the appropriate study. Environmental: Hazardous materials or toxic wastes were not observed at the time of inspection, i.e., dark soil stains, areas of distressed vegetation, etc. The appraiser was not furnished with a Phase I Environmental Assessment Report and assumes the site and building improvements to be free of hazardous contamination. The appraiser reserves the right to adjust any values accordingly if environmental contaminates are discovered. COOPER APPRAISAL, LLC 34

10 DATA PRESENTATION SHEPHERD OF THE HILLS ENTERTAINMENT GROUP OFFICE BUILDING basement conducive topography. Topography: The topography of the subject is considered to be moderately sloping over a bulk of the tract. The high point lies along the State Drive road frontage and eastern property line with an elevation of approximately 1035 above Mean Sea Level (MSL) at both driveway entrances. The site has a low point near the southwest corner with an elevation of approximately 1000 MSL. The site has natural drainage down from the road frontage toward the west and southwest. The overall sloping topography will allow a two level structure to be constructed which will have walk out egress for both levels. The subject s front parking lot is at 1030 MSL while the back parking lot is approximately 1018 MSL. The southern half that is considered Excess Land has a similar walk out Flood Zone: The subject does not lie within a flood hazard area as illustrated in FEMA Map No C0276E dated March 15, The subject property is located within Flood Zone X and is determined to be outside the 500-year flood plain. No special flood hazard insurance is required. (See Flood Plain Map in Addenda) Utilities: The site is provided with city water and sewer. Electricity service is provided by Empire Electric and phone service is provided by Centurylink. Easements and Encroachments: Typical of other sites within the area, the site has several utility and public right-of-way easements which extend along, across, or above the subject property but in my opinion, they do not have any detrimental effect. Specifically, there is a power line easement along the western property line. There is also a communication tower located on the southeast side of the parking lot. There does not appear to be any lease of this communication tower or any easement for its use. My inspection did not reveal any encroachments onto the subject property and assumes no detrimental or unknown easements or encroachments without having a full review of a current title policy. COOPER APPRAISAL, LLC 35

11 DATA PRESENTATION SHEPHERD OF THE HILLS ENTERTAINMENT GROUP OFFICE BUILDING DESCRIPTION OF IMPROVEMENTS Subject Building: Originally constructed in 1993 per Assessor s records, the subject is a wood frame constructed building on a concrete block basement foundation. The COOPER APPRAISAL, LLC 36

12 DATA PRESENTATION SHEPHERD OF THE HILLS ENTERTAINMENT GROUP OFFICE BUILDING exterior is primarily vinyl siding with some stucco fascia on the front side. The roof is of composition shingle with gutters and down spouts. The main floor consists of office areas which have walk in access from the front parking lot. There are two vestibule entrances on the front side. The main floor has 6,077 square feet and is partitioned into many small offices and conference rooms which surround a central reception and cubicle office area. There are four bathrooms located throughout the main floor as well as a kitchen area. The interior finish consists primarily of commercial grade carpeting with some ceramic tile in the baths and kitchen. The ceilings are suspended acoustic tile with the walls being papered sheetrock. The lighting is primarily fluorescent throughout. There is a zoned electric forced air system for central heat and air. The exterior doors are generally commercial grade glass storefront doors with many thermopane casement windows on the exterior walls. There are several 3 glass entry doors along the front side with a double glass door egressing to a patio on the rear side. The right hand side of the building in the sketch above includes a storage area which had formerly been a garage at one time. The exterior has been finished over the doorways but the overhead doors and mechanisms are still in place in the inside. Conversion of this heated area back into garage space would require removal of the exterior siding in these areas. There is a stairwell in the rear of the building providing access down to the basement level. COOPER APPRAISAL, LLC 37

13 DATA PRESENTATION SHEPHERD OF THE HILLS ENTERTAINMENT GROUP OFFICE BUILDING The basement level is also a series of office areas surrounding office cubicle areas. There is a full bath (with a shower) in addition to two other half baths in the basement. All of the baths in the building are ADA compliant with respect to access, fixtures and light switches. Overall, the basement finish is identical or similar to the main floor finish with respect to carpeting and tile, finished sheetrock walls and suspended tile ceiling. The basement level also has a heated storage area which has a fully operational overhead garage door. The subject improvements are in average condition and show evidence of continued upkeep and maintenance. There were no major capital improvements or repairs noted on the subject building in recent years, however. Site Improvements: The natural topography of the site enables a main level parking area and a lower level parking area in the rear. Assessor s data indicates that there is approximately 18,537 square feet of asphalt paving with another 300 square feet of concrete patio. There are three light poles with flood lights. As previously mentioned, there is a communications tower located on the southeast side of the parking lot. FCC data indicates that it is 25.3 meters high. The subject building had previously been utilized as a television studio (WB31) about 15 years ago and this was a television transmission tower. Per Bruce Menke, this tower has not been utilized in over 10 years and there is no current lease income from it. COOPER APPRAISAL, LLC 38