For Sale
$80,000

470 Commercial St Aldrich, MO 65601

Rare Investment Opportunity: Highway 123 Frontage

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment property in Aldrich, Missouri presents a unique opportunity to acquire a 600 square foot commercial building situated on a 0.47-acre corner lot. The property boasts prime highway frontage along Highway 123, ensuring high visibility and accessibility. Currently, the building houses the local Post Office, operating under a five-year lease agreement with a monthly rental income of $291.66. This lease includes the cost of electricity, landscaping, lawn mowing, and snow removal, minimizing ongoing maintenance responsibilities for the owner. The property is serviced by a private well, eliminating reliance on municipal water services. Located within the Lakeview subdivision, this 600 square foot block building represents a rare find in the Aldrich market. The asking price for this turn-key investment is $80,000. The property's strategic location and existing lease agreement make it an attractive proposition for investors seeking a stable income stream and potential for future appreciation. Access is easily achieved via Highway 123 from Fair Play or Highway T from Bolivar. A property sign is visible from the road. This is a truly exceptional opportunity to own a piece of Aldrich's commercial landscape.

Highlights

  • $80,000 asking price.
  • 0.47-acre lot with 600 square feet of building area.
  • Located at 470 Commercial Street, Aldrich, MO 65601.
  • Special purpose commercial property.
  • Includes a 5-year lease with the Post Office at $291.66/month, covering utilities and maintenance.

Property Details for 470 Commercial St

Property type
Specialty properties, Land
Square Feet
600 SF
Lot Size (sq. ft)
20,473 SF

Location Insight

City
Aldrich
County
polk
State
Missouri
Latitude
37.5494047
Longitude
-93.5482793

FAQs

What type of property is this?
Specialty property - Rare Investment Opportunity: Highway 123 Frontage
Where is the specialty property located?
The property is located at 470 Commercial St Aldrich, MO.
What is the asking price?
The asking price for this property is $80,000.
What are key features of this property?
This property features: $80,000 asking price.; 0.47-acre lot with 600 square feet of building area.; Located at 470 Commercial Street, Aldrich, MO 65601.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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470 Commercial St
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