408 Main StLaurie, MO 65037

Property Details for 408 Main St

Year built

1996

Lot size

0.57 AC

Property size (Sq ft)

7,032 SF

Property type

Retail space

APN

209029000000028000

APU

209029000000028000

Description

This exceptional 7,032 square foot commercial property boasts prime highway frontage on Highway 5 in Laurie, Missouri, offering unparalleled visibility and exposure to a substantial daily traffic volume of 2,500-4,900 vehicles, according to MODOD. The single-level layout provides ample space for a wide variety of business ventures. Currently operating as a fitness center, the property includes all the existing equipment, which is available for purchase by a new owner wishing to continue the existing business. Adding to the investment potential, a tenant currently occupies a portion of the building, generating a consistent monthly rental income of $480. The property sits on a 0.57-acre lot and offers extensive road frontage on both Highway 5 and a secondary road, providing excellent parking capacity for numerous vehicles. This presents a unique opportunity to establish or relocate a business in a thriving Lake of the Ozarks community. The combination of high traffic counts, versatile space, and existing income streams makes this a compelling investment opportunity. The asking price for this turnkey business opportunity is $799,900.

• CAP approach

  CAP return

  Valuation

  6%

  $2,025,659

  6.5%

  $1,869,839

  7%

  $1,736,279

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,381,501

  Geo Method

  $1,381,501

• Alternative Use

  Use

  Valuation

  Residential

  $1,577,280

  Hospitality

  $1,444,780

  Educational

  $1,202,040

  Medical

  $1,243,380

  Retail

  $1,869,839

Location Insight

City

Gravois Mills

County

Morgan

State

Missouri

Latitude

38.2036

Longitude

-92.8381

Property Tax & Assessments

FAQs

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