503/505 E. Rollins Rd. Columbia, MO 65203
Columbia, MO 65203
- 5,847 sf building area on 28,620 sf land area (0.65 acres) zoned R-MF (multi-family) in City of Columbia presently operating as apartment building with parking lot.
- Property is serviced by City of Columbia for water, electricity, sewer, Ameren Missouri for gas service.
- Close proximity to University of Missouri’s and in MU’s Greek Town area.
- Upgraded within last 13 years. All units have central HVAC.
- 20 parking spaces on western lot (503 Rollins) rented at $550 per semester or $1,100 annually plus 17 parking spaces behind building at 505 Rollins. Total of 37 spaces.
- Basement is 1,381 sf – now used as storage and building mechanical.
- Main level is 2,366 sf – include 2 units, a 2 bedroom/1 bath unit and a 3 bedroom/1bath unit.
- The second and third level include 5 bedroom/4 bathroom unit.
- Land value is key indicator of value of this property’s list value of $2,700,000 and it is supported by recent appraisal (year 2022) and its existing zoning allowing for re-development in primary location.
Property Overview
Address
503/505 E. Rollins Rd.
Columbia, MO 65203
Sale Price
$2,700,000
Space 5,847 square feet
building sq ft 5,847 square feet
Zoning R-MF
- 5,847 sf building area on 28,620 sf land area (0.65 acres) zoned R-MF (multi-family) in City of Columbia presently operating as apartment building with parking lot.
- Property is serviced by City of Columbia for water, electricity, sewer, Ameren Missouri for gas service.
- Close proximity to University of Missouri’s and in MU’s Greek Town area.
- Upgraded within last 13 years. All units have central HVAC.
- 20 parking spaces on western lot (503 Rollins) rented at $550 per semester or $1,100 annually plus 17 parking spaces behind building at 505 Rollins. Total of 37 spaces.
- Basement is 1,381 sf – now used as storage and building mechanical.
- Main level is 2,366 sf – include 2 units, a 2 bedroom/1 bath unit and a 3 bedroom/1bath unit.
- The second and third level include 5 bedroom/4 bathroom unit.
- Land value is key indicator of value of this property’s list value of $2,700,000 and it is supported by recent appraisal (year 2022) and its existing zoning allowing for re-development in primary location.
Map
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Contact Advisor
Owner
PaulLand@PlazaCommercialRealty.com
573-445-1020 (office)
573-219-2394 (mobile)
Vice President
MikeGrellner@PlazaCommercialRealty.com
573-445-1020 (office)
573-639-1864 (mobile)