1324 Saint Joseph StPerryville, MO 63775

Property Details for 1324 Saint Joseph St

Year built

1960

Property size (Sq ft)

260 SF

Property type

Turn key restaurants

APN

11-6.0-024-002-010-008.00000

APU

9223372036854775807

Description

This exceptional 0.94-acre commercial property in Perryville, Missouri, presents a unique opportunity for investors and developers. Located at 1324 W Saint Joseph Street, this C-2 zoned lot boasts 180 feet of road frontage and offers unparalleled accessibility to Interstate 55 and Perryville's bustling downtown area. Its strategic location within a high-traffic zone makes it ideal for a diverse range of commercial ventures, including restaurants, offices, or retail establishments. The site benefits from its proximity to established businesses such as Walgreens, Scooter's Coffee, Midwest Total Urgent Care, and Perryville Tire, ensuring high visibility and convenient access for potential customers. Significant value-added site improvements have already been completed, eliminating the need for extensive pre-development work and ensuring a smooth transition for any build-to-suit or custom project. The property features appropriate ingress and egress access, further enhancing its practicality and appeal. While currently occupied, the existing business will remain operational for one year following the sale, providing a potential income stream during the transition period. This is a rare opportunity to acquire a fully prepared commercial site in a thriving Missouri community. The asking price is $747,000.

• CAP approach

  CAP return

  Valuation

  6%

  $87,363

  6.5%

  $80,643

  7%

  $74,882

• Comparable approach

  Method

  Valuation

  Relative Method

  $51,079

  Geo Method

  $51,079

• Alternative Use

  Use

  Valuation

  Residential

  $68,025

  Hospitality

  $62,311

  Educational

  $51,842

  Medical

  $53,625

  Retail

  $80,643

Location Insight

City

Perryville

County

Perry

State

Missouri

Latitude

37.7269

Longitude

-89.8832

Property Tax & Assessments

FAQs

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