510 Main StAtlanta, MO 63530

Property Details for 510 Main St

Year built

2004

Lot size

0.93 AC

Property size (Sq ft)

1,500 SF

Property type

Retail space

Property subtype

Storefront properties

APN

000009-0521-03005-000400

APU

9052103005000400

Description

This vacant gas station, situated on 3.72 acres of land with Highway 63 frontage, presents a compelling investment opportunity in Atlanta, Missouri. The property boasts a 1,520 square foot, single-story metal building constructed in 1980, previously used as a gas station and convenience store. The building features a kitchen/food prep area, dining space, main floor with checkout counter, furnace/storage closet, walk-in cooler with load access to showcase coolers, and a half bathroom. Interior walls are easily reconfigurable to suit various business needs. The property includes 10 parking spaces and offers both highway and city street access. While the propane gas tank has been removed, the existing infrastructure could be easily adapted for future gas station use, or the site could be redeveloped entirely. The seller will include remaining inventory. Public sewer, water, and forced gas heat/central air conditioning are in place. The property is located in the Atterberry Brothers Fourth Addition, served by Atlanta C-3 Schools, and has a 2023 tax amount of $623.21. With its high visibility location and ample space, this property offers endless possibilities for entrepreneurs seeking a prime commercial location along a major highway between Macon and Kirksville. The large lot has existing gravel and ample room for expansion or new construction. Asking price is $239,000.

• CAP approach

  CAP return

  Valuation

  6%

  $452,577

  6.5%

  $417,763

  7%

  $387,923

• Comparable approach

  Method

  Valuation

  Relative Method

  $294,689

  Geo Method

  $294,689

• Alternative Use

  Use

  Valuation

  Residential

  $352,399

  Hospitality

  $322,796

  Educational

  $268,562

  Medical

  $277,798

  Retail

  $417,763

Location Insight

City

Atlanta

County

Macon

State

Missouri

Latitude

39.8978

Longitude

-92.4739

Property Tax & Assessments

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