3003 Baltimore StKirksville, MO 63501

Property Details for 3003 Baltimore St

Year built

1978

Construction

FRAME

Lot size

0.71 AC

Property size (Sq ft)

2,880 SF

Property type

Retail space

APN

08-08.0-33-002-01-03.000

APU

8080330020103000

Description

This exceptional 3,000 square foot retail storefront, located at 3003 N Baltimore St in Kirksville, Missouri, presents a lucrative investment opportunity. Built in 2023, this single-story building sits on a 0.71-acre lot and is zoned MP-1, offering versatility for a variety of businesses. Currently, the property boasts three units with 33% occupancy, providing immediate income potential and significant upside for future growth. The NNN lease structure minimizes landlord responsibilities, making this a low-maintenance investment. The property's prime location in Adair County, zip code 63501, ensures high visibility and accessibility for customers. With ample outdoor space, there's potential for expansion or additional uses, such as mini-storage. The asking price is $850,000. This is a rare opportunity to acquire a modern, well-located retail property in a growing market. Don't miss out on this chance to secure a strong investment in Kirksville's thriving commercial sector.

• CAP approach

  CAP return

  Valuation

  6%

  $793,580

  6.5%

  $732,535

  7%

  $680,211

• Comparable approach

  Method

  Valuation

  Relative Method

  $565,802

  Geo Method

  $565,802

• Alternative Use

  Use

  Valuation

  Residential

  $617,921

  Hospitality

  $566,012

  Educational

  $470,915

  Medical

  $487,111

  Retail

  $732,535

Location Insight

City

Kirksville

County

Adair

State

Missouri

Latitude

40.2245

Longitude

-92.5836

CBSA code

28860

CBSA name

KIRKSVILLE, MO MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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