743 Main StGravois Mills, MO 65037

Property Details for 743 Main St

Year built

2001

Property size (Sq ft)

7,278 SF

Property type

Turn key restaurants

APN

204019400002008000

APU

204019400002008000

Description

This exceptional turnkey business opportunity presents the chance to acquire Redd's BBQ, a thriving restaurant located at 743 N Main St, Gravois Mills, Missouri, 65037. The property boasts a substantial 7,800 square feet of space, housed within a single-story building that underwent a complete renovation in 2023. The building sits on a C-1 zoned lot, offering flexibility for various commercial uses. The asking price for this established business, including all restaurant equipment and inventory, is $1,500,000. However, the owner is open to considering offers for the building separately, without the included restaurant equipment and inventory. This presents a unique opportunity for both established restaurateurs looking to expand their operations and investors seeking a profitable venture in a desirable location. The property's prime location in Gravois Mills, Missouri, ensures high visibility and accessibility for customers. The recent renovation guarantees a modern and efficient operational space, minimizing the need for immediate capital expenditures. This is a rare chance to acquire a well-established, profitable business with significant growth potential in a thriving community. Serious inquiries are encouraged to explore this lucrative investment opportunity further.

• CAP approach

  CAP return

  Valuation

  6%

  $2,096,523

  6.5%

  $1,935,252

  7%

  $1,797,020

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,429,830

  Geo Method

  $1,429,830

• Alternative Use

  Use

  Valuation

  Residential

  $1,632,457

  Hospitality

  $1,495,322

  Educational

  $1,244,090

  Medical

  $1,286,877

  Retail

  $1,935,252

Location Insight

City

Gravois Mills

County

Morgan

State

Missouri

Latitude

38.2117

Longitude

-92.8457

Property Tax & Assessments

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