400 Cherry StNevada, MO 64772

Property Details for 400 Cherry St

Year built

1920

Lot size

0.09 AC

Property size (Sq ft)

638 SF

Property type

Commercial real estate

APN

18-2.0-04-003-030-008.030

APU

182004003030008030

Description

This exceptional Missouri property offers a unique investment opportunity encompassing multiple income streams. Priced at $325,000, the 0.8-acre lot includes a well-maintained commercial complex and a single-family rental home. The commercial space comprises an approximately 600-square-foot office building, a main shop featuring three 8'x10' overhead doors, and three additional garage-style structures with a total of eleven overhead doors. Most structures boast concrete floors and electric service. The property is largely secured by a six-foot chain-link and barbed wire fence, enhanced by a security camera system. The single-family bungalow, currently rented on a month-to-month basis, provides immediate rental income. Conveniently located in the heart of Nevada, Missouri, just one block from the main thoroughfare of Austin Boulevard and Highway 54, this property presents a compelling blend of commercial and residential potential. The existing tenant provides immediate cash flow, allowing for future development or continued rental income. The property was formerly occupied by Enrsbarger's Heat and Air and currently houses Climco Mechanical. Built in 1992, this one-story complex is ready for its next chapter.

• Alternative Use

  Use

  Valuation

  Residential

  $143,104

  Hospitality

  $131,082

  Educational

  $109,059

  Medical

  $112,809

  Retail

  $169,647

Location Insight

City

Nevada

County

Vernon

State

Missouri

Latitude

37.8385

Longitude

-94.3608

Property Tax & Assessments

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