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    22889 State Hwy 64 Hwy Hermitage, MO 65668

    For Sale
    $125,000

    Missouri Multi-Use Business Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 5.8-acre (±) commercial property in Hermitage, MO, boasts highway frontage on State Highway 64, near Pomme de Terre Lake. The property includes three main structures: a 4,000 sq ft main building previously used as a retail store with a commercial kitchen (currently operating as a roadside food and ice cream stand without outdoor seating), a 4,800 sq ft secondary building (former arcade and retail space with attached bumper car area), and a 4,800 sq ft area with 10 rentable storage units. An 18-hole concrete mini golf course adds to the property's versatility. Built in 1973, the single-story buildings feature a mix of heating and cooling systems including propane, electric, pellet stove, and mini-splits. The property is served by a septic system. This is a unique opportunity to acquire a multi-use property with existing income streams and significant potential for future development. The asking price is $125,000. A separate online auction for business assets (inventory, equipment, etc.) is also available. The property is located at 22889 State Hwy 64 Highway, Hermitage, MO 65668. Lot size is 252,648 sq ft.

    Property Features for 22889 State Hwy 64 Hwy

    General Information

    Property type
    Restaurants

    Building Details

    Year Built
    1973
    Stories
    1

    HighLights

    • 5.8‑acre (±) commercial property in Hermitage, MO, with State Highway 64 frontage, near Pomme de Terre Lake.
    • Three main buildings totaling 14,600 sq ft: a 4,000 sq ft former retail store with commercial kitchen (currently a food/ice cream stand), a 4,800 sq ft former arcade/retail space with bumper car area, and a 4,800 sq ft building with 10 rentable storage units.
    • Includes an 18‑hole concrete mini golf course.
    • $125,000 asking price.
    • Located at 22889 State Hwy 64, Hermitage, MO 65668.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Hermitage
    County
    Hickory
    State
    Missouri
    Longitude
    -93.2660738
    Latitude
    37.87709

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    FAQs

    What type of property is this?
    Restaurant - Missouri Multi-Use Business Opportunity
    Where is this restaurant located?
    The property is located at 22889 State Hwy 64 Hwy Hermitage, MO.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: 5.8-acre (±) commercial property in Hermitage, MO, with State Highway 64 frontage, near Pomme de Terre Lake.; Three main buildings totaling 14,600 sq ft: a 4,000 sq ft former retail store with commercial kitchen (currently a food/ice cream stand), a 4,800 sq ft former arcade/retail space with bumper car area, and a 4,800 sq ft building with 10 rentable storage units.; Includes an 18-hole concrete mini golf course.
    Request Owner's contact information
    22889 State Hwy 64 Hwy 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
    22889 State Hwy 64 Hwy Hermitage, MO 65668
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