125 Main StNevada, MO 64772

Property Details for 125 Main St

Year built

1900

Lot size

0.07 AC

Property size (Sq ft)

4,400 SF

Property type

Commercial real estate

APN

18-2.0-04-304-000-054.000

APU

182004304000054000

Description

This exceptional commercial property at 125 N Main Street, Nevada, Missouri, presents a lucrative investment opportunity. The 0.06-acre lot features a building currently leased for $800 per month, with the lease expiring March 31st, 2023. The tenant holds a five-year renewal option at a monthly rate of $950, commencing April 1st, 2023, should they choose to exercise it. The main floor offers 2200 square feet of versatile space, including a half-bath, and ample storage. An unfinished upper level provides additional potential, although it lacks heating and air conditioning. Note that the seller also owns the adjacent property at 123 N Main Street. A crucial detail for potential buyers is that the HVAC system serving 123 N Main Street is located on this property (at 125 N Main Street, in the rear). To ensure a smooth transition, an easement will be provided to address this shared HVAC system should the two buildings be sold separately. This property is priced competitively at $69,900 and offers significant potential for future income and growth. The strong existing lease provides immediate return on investment, while the flexible upper level allows for expansion or customization to suit a variety of business needs. This is a rare opportunity to acquire a well-located commercial property in a thriving Missouri community.

• Alternative Use

  Use

  Valuation

  Residential

  $986,921

  Hospitality

  $904,014

  Educational

  $752,129

  Medical

  $777,996

  Retail

  $1,169,979

Location Insight

City

Nevada

County

Vernon

State

Missouri

Latitude

37.839

Longitude

-94.3583

Property Tax & Assessments

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