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    247 Highway H Leasburg, MO 65535

    For Sale
    $825,000

    Successful Restaurant/Tavern, High Traffic Location

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional 2.5-acre commercial property at 247 Highway H in Leasburg, Missouri, presents a lucrative investment opportunity. Currently operating as a thriving restaurant and tavern, this established business benefits from its strategic location at a busy intersection, offering high visibility and significant foot traffic. The property's prime position is further enhanced by its proximity to Highway 44, a major thoroughfare, and the iconic Route 66, experiencing a resurgence in tourism. This location also places it conveniently near Onondaga State Park and popular river float businesses, ensuring a consistent flow of potential customers. The property's long-standing success as a well-regarded establishment speaks to its inherent value and potential for continued profitability. The asking price of $825,000 represents a compelling opportunity to acquire a significant piece of commercial real estate in a high-demand area with established business history and strong growth potential. The property's size and location make it suitable for a variety of commercial ventures, offering flexibility for future development or continued operation as a successful hospitality business. This is a rare chance to own a piece of Missouri's vibrant commercial landscape.

    Property Features for 247 Highway H

    General Information

    Property type
    Other commercial real estate
    Lot Size
    108,900 SF

    Building Details

    Year Built
    2017
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Auto Repair Shop Clothing Store Hotel & Motel Bar & Pub Furniture Store Shopping Mall Bed & Breakfast

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Leasburg
    County
    Crawford
    State
    Missouri
    Longitude
    -91.31278
    Latitude
    38.11777

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Commercial real estate - Successful Restaurant/Tavern, High Traffic Location
    Where is this commercial real estate located?
    The property is located at 247 Highway H Leasburg, MO.
    What is the asking price?
    The asking price for this property is $825,000.
    283-4886
    Request Owner's contact information
    247 Highway H Leasburg, MO 65535
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    Leasburg, MO 65535
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    247 Highway H Leasburg, MO 65535
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