311 Main St Carthage, MO 64836-1614
This exceptional 25,542 square foot, tri-level commercial building is situated on a 0.24-acre lot in the heart of historic downtown Carthage, Missouri, at 311 S Main Street. Occupying an entire city block, this 1880s building offers a unique blend of established businesses and significant redevelopment potential. The main floor currently houses a thriving art gallery and a well-regarded restaurant, complete with a full commercial kitchen, two public restrooms, a stage, and attractive display windows. All existing kitchen equipment, tables, and chairs are included in the sale price of $750,000. The upper level, previously used as offices, presents a blank canvas for conversion into residential apartments or additional commercial suites, offering a lucrative income stream. A full basement provides ample storage space, along with a self-contained studio apartment featuring a full bathroom and laundry facilities. The building boasts beautiful hardwood floors, high ceilings, and convenient street-level entrances on both the front and back of the property. This is a rare opportunity to acquire a significant piece of Carthage's history and capitalize on its prime location and versatile layout. The property's size and features make it ideal for a variety of uses, from expanding existing businesses to creating a mixed-use development.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
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Risks
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