1014 Kingshighway StRolla, MO 65401

Property Details for 1014 Kingshighway St

Year built

1974

Lot size

0.70 AC

Property size (Sq ft)

4,000 SF

Property type

Retail space

APN

71-09-1.0-11-002-006-004.000

APU

9223372036854775807

Description

This prime 1.09-acre commercial land parcel, located on Kingshighway in Phelps County, presents a remarkable opportunity for businesses seeking high visibility and accessibility. The property boasts approximately 4,000 square feet and is zoned C-2, allowing for a variety of uses including retail, dining, or office space. Its strategic location on Kingshighway places it amidst established restaurants and thriving businesses, ensuring high foot traffic and brand exposure. The property is available for lease at a triple net rate of $9,000 per month. The lease includes the option to lease the existing building or simply the land itself, providing flexibility for potential tenants. This is an exceptional chance to establish a presence in a highly desirable and busy commercial area. The property's size and zoning provide ample space for development and customization to suit specific business needs. Don't miss this opportunity to secure a prominent location in a thriving commercial corridor. The high traffic volume and surrounding businesses create a synergistic environment ideal for growth and success. This property offers a unique blend of established infrastructure and high-growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,394,859

  6.5%

  $1,287,562

  7%

  $1,195,594

• Comparable approach

  Method

  Valuation

  Relative Method

  $785,837

  Geo Method

  $785,837

• Alternative Use

  Use

  Valuation

  Residential

  $1,086,107

  Hospitality

  $994,868

  Educational

  $827,719

  Medical

  $856,185

  Retail

  $1,287,562

Location Insight

City

Rolla

County

Phelps

State

Missouri

Latitude

37.9465

Longitude

-91.7807

CBSA code

40620

CBSA name

ROLLA, MO MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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