602 Franklin St Kirksville, MO 63501

Property Details for 602 Franklin St

Year built

1910

Lot size

0.23 lot acres

Property type

Commercial real estate

Description

This exceptional investment opportunity in Kirksville, Missouri, presents a unique blend of commercial potential and immediate rental income. Located at the corner of Franklin and Filmore Streets, this property boasts a highly desirable location adjacent to the Truman State University campus, ensuring a consistent flow of potential customers and tenants. The offering includes three city lots totaling 0.23 acres, providing ample space for a variety of commercial ventures. A significant advantage is the inclusion of a well-maintained five-bedroom, three-bathroom rental home, generating immediate cash flow. This existing structure is a valuable asset, offering a steady income stream while plans for future commercial development are underway. The property's commercial zoning allows for diverse uses, catering to the needs of both the university community and the local population. Furthermore, its location within an Enterprise Zone provides access to potential tax incentives and benefits, making it an even more attractive investment. The sale also includes the adjacent properties at 105 and 107 Filmore Street, expanding the overall footprint and potential of this remarkable opportunity. This combination of prime location, versatile zoning, existing rental income, and potential tax advantages makes this a truly exceptional investment property in a thriving area. The property's proximity to Truman State University ensures a strong and consistent demand, making it an ideal investment for those seeking both immediate returns and long-term growth potential.