Office Properties in Lee's Summit, Missouri, offer a unique investment opportunity for those looking to capitalize on the city's growing economy. With a population of approximately 100,000, Lee's Summit is an attractive location for businesses, providing access to a skilled workforce, excellent infrastructure, and a strong education system. Office Properties in Lee's Summit can represent a range of investments, from single-story buildings to multi-story complexes, each offering a unique opportunity for businesses to establish themselves in the area. The city's strategic location, with easy access to major highways, including I-470, US 40, US 50, Route 150, Route 291, and Route 350, makes it an ideal location for businesses that require easy transportation links. Additionally, the city is served by the Lee's Summit Municipal Airport, providing air transportation services. The presence of institutions such as Longview Community College and the University of Central Missouri's Summit Technology Center further enhances the area's appeal, making it an attractive location for businesses in the education and healthcare sectors. With its rich history, cultural attractions, and strong economy, Lee's Summit is an excellent place to invest in Office Properties.
Lee's Summit's Office Properties are part of a diverse range of commercial real estate options available in the city. In addition to Office Properties, investors can also consider Commercial Real Estate, which offers a range of opportunities, from retail spaces to industrial facilities. Apartment Buildings are another option, providing a steady income stream through rental properties. Shopping Centers, with their high foot traffic, offer a unique opportunity for businesses to establish themselves in the area. Hotels, with their proximity to major transportation links, are also an attractive option for investors. With 4 Office Properties currently available for sale, investors have a range of options to choose from. The average price per square foot for Office Properties in Lee's Summit is $224 USD, with an average size of 18,168 square feet. The largest Office Property available is 26,158 square feet, offering a significant opportunity for businesses to establish themselves in the area. With an average cap rate of 7%, Office Properties in Lee's Summit offer a strong investment opportunity for those looking to capitalize on the city's growing economy.
What is the average price per square foot for office properties in Lee's Summit?
The average price per square foot for office properties in Lee's Summit is $224 USD.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Lee's Summit, it's essential to understand the different classifications, which can impact factors like rental income, property value, and maintenance costs.
- Class A office properties are typically high-rise buildings with top-notch amenities, modern infrastructure, and prime locations, often attracting high-end tenants and commanding higher rental rates.
- Class B office properties offer functional spaces with standard amenities, suitable for a wide range of businesses, and are often priced lower than Class A properties.
- Class C office properties are typically older buildings with limited amenities, requiring renovation or updates, and are often priced lower due to their condition and location.
