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    OFF-MARKET
    Commercial real estate

    401 Hwy 32 Hwy, Lebanon, MO 65536

    19.5 ac lot Built 2006
    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial property, situated on a highly visible 19.5-acre lot within Lebanon city limits, presents a unique investment opportunity. Boasting 180 feet of highway frontage on Highway 32, this property enjoys significant traffic exposure. The all-brick building offers a versatile layout, ideal for a variety of commercial uses. The 2,900 square foot building includes 1,369 square feet of office space and a 1,500 square foot garage/shop area featuring three 10x14 overhead doors. The office area is well-appointed with a spacious waiting area, multiple offices, and two bathrooms, one of which includes a shower. A full kitchen equipped with appliances adds to the functionality. The property is in excellent condition, with recent improvements including a newly sealed asphalt parking lot, ample lighting, and a newer HVAC system. The expansive 36,000+ square foot paved area provides ample parking and maneuvering space. Previously used as a retail car lot, this property's prime location and versatile design make it suitable for a wide range of commercial ventures. The property is offered as part of MLS listings #24048250 and #24047542.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 2006
    Lot 19.5 ac (849,420 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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