143 Main StFordland, MO 65652

Property Details for 143 Main St

Year built

1920

Lot size

0.25 AC

Property size (Sq ft)

2,000 SF

Property type

Turn key restaurants

APN

193006001007003000

APU

193006001007003000

Description

This exceptional 2,210 square foot retail property, located at 143 E Main Street in Fordland, Missouri, presents a unique investment opportunity. Situated on a 0.25-acre lot, this all-metal building offers low-maintenance convenience and high visibility due to its Main Street location. Currently housing a successful restaurant operating under an existing lease, this property provides immediate income potential. The building's versatile layout also includes space with potential for conversion into residential quarters in the rear. Ample on-site parking is available, ensuring convenient access for customers and employees. The property's adaptability makes it suitable for a wide range of commercial uses, including, but not limited to, a daycare center or other businesses. The asking price is $155,000. This property offers a blend of established income and significant future development potential, making it an attractive proposition for savvy investors seeking a strong return on investment in a desirable location. The all-metal construction ensures durability and ease of maintenance, minimizing long-term operational costs. Its prime location on Main Street guarantees high foot traffic and excellent visibility, maximizing exposure for any business operating within its walls. Don't miss this chance to acquire a versatile and profitable commercial property in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $576,126

  6.5%

  $531,809

  7%

  $493,822

• Comparable approach

  Method

  Valuation

  Relative Method

  $392,918

  Geo Method

  $392,918

• Alternative Use

  Use

  Valuation

  Residential

  $448,601

  Hospitality

  $410,916

  Educational

  $341,877

  Medical

  $353,635

  Retail

  $531,809

Location Insight

City

Fordland

County

Webster

State

Missouri

Latitude

37.1577

Longitude

-92.9399

CBSA code

44180

CBSA name

SPRINGFIELD, MO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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