302 Lincoln DrTroy, MO 63379

Property Details for 302 Lincoln Dr

Year built

1960

Lot size

1.45 AC

Property size (Sq ft)

2,013 SF

Property type

Office properties

APN

15-70-25-003-007-005.000

APU

157025003007005000

Description

This exceptional mixed-use property, located at 302 S Lincoln Dr in Troy, Missouri, presents a compelling investment opportunity. The 2,013 square foot building, classified as Class C, sits on a substantial 30,492 square foot lot and boasts over 200 feet of road frontage. Completely remodeled in 2020, the building currently features one leased space, generating $1,300 in monthly income until 2025, with additional vacant office space available for lease. The C3 zoning allows for a variety of commercial uses, making this property ideal for expanding an existing business, a 1031 exchange, or portfolio diversification. The ample lot size offers significant expansion potential. The asking price is $374,900, translating to $186.24 per square foot. Note that only the building is for sale

• CAP approach

  CAP return

  Valuation

  6%

  $538,561

  6.5%

  $497,133

  7%

  $461,624

• Comparable approach

  Method

  Valuation

  Relative Method

  $156,933

  Geo Method

  $156,933

• Alternative Use

  Use

  Valuation

  Residential

  $616,445

  Hospitality

  $564,660

  Educational

  $469,791

  Medical

  $485,948

  Retail

  $730,786

Location Insight

City

Troy

County

Lincoln

State

Missouri

Latitude

38.9766

Longitude

-90.9671

CBSA code

41180

CBSA name

ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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