NEIGHBORHOOD SHOPPING CENTER SOLD

 Midtown Shopping Center in Scott City, MO

A Scott City neighborhood shopping center together with a warehouse and mini-storage operation was recently purchased by a California investor group, according to Tom Kelsey, commercial broker with Lorimont Place, Ltd. who handled the recent sale.

The Midtown Shopping Center located at 1302 Main Street includes Midtown Café, Rip Shed Fitness, a former supermarket space, 4,950 square foot warehouse building leased by Interstate Bakeries and a 32 unit mini storage operation.  Kelsey said the entire property includes 20,588 square feet on nearly two acres of land with frontage on Main and Warner Streets. 

The former supermarket space is available for sub-lease. He said his commercial real estate company has been appointed to lease the available space that would be suitable for a variety of retail operations.

Leo and Becky Casey had owned the property for a number of years after purchasing the former Baker’s Finer Foods, a long time Scott City grocery store operation.  Kelsey said Ocean Blue Real Estate, Inc., a real estate investment group from San Diego, California, purchased the property.  It was his understanding that there would be no change in any of the present tenants and the new owner has hired a local property management group to oversee the property.