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    23157 Highway 54 Hermitage, MO 65668

    For Sale
    $285,000

    Prime Retail Space & Living Quarters

    Property size:
    4,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 4,000 square foot retail property, situated on a 0.76-acre lot at 23157 Highway 54 in Hermitage, Missouri, presents a unique investment opportunity. Currently operating as a successful flea market with numerous individual vendor booths (inventory not included), the business benefits from a loyal customer base drawn from a wide area. The attractive layout features ample shelving, showcasing the potential for diverse retail ventures. A significant advantage is the inclusion of a spacious three-bedroom, two-bathroom apartment, complete with a large screened porch. This attached living space offers comfortable owner-occupancy or generates substantial rental income, providing a dual revenue stream. The property's location on Highway 54 ensures high visibility and accessibility, maximizing exposure to potential customers. The asking price is $285,000. This turnkey operation offers immediate income potential and the flexibility to adapt to various retail concepts. The combination of established business and residential space makes this a truly rare find in the Hermitage market. Don't miss this chance to own a thriving business and comfortable living space in one convenient location.

    Property Features for 23157 Highway 54

    General Information

    Property type
    Retail properties
    Square Feet
    4,000 SF
    Lot Size
    33,106 SF

    Building Details

    Year Built
    1980
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Hair Salon Auto Repair Shop Clothing Store Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hermitage
    County
    Hickory
    State
    Missouri
    Longitude
    -93.34556
    Latitude
    37.94566

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Space & Living Quarters
    Where is this retail property located?
    The property is located at 23157 Highway 54 Hermitage, MO.
    What is the asking price?
    The asking price for this property is $285,000.
    (417) 745-6798
    Request Owner's contact information
    23157 Highway 54 Hermitage, MO 65668
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    Hermitage, MO 65668
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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
    23157 Highway 54 Hermitage, MO 65668
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