Property profile

119 W Cherry St Nevada, MO 64772

FOR SALE
Commercial real estate
Property ID
US48-1992552
2,260 SF 0.07 ac lot Built 1930
Individually Owned 18-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This unique 2,260 square foot building, constructed in 1930, presents a compelling investment opportunity in the heart of Nevada, Missouri. Originally Nevada's playhouse, this historic property offers a versatile space adaptable to a variety of commercial uses. The building features individual rooms suitable for office space, or the open area could easily be configured for retail purposes. Its prime location on the south side of the Nevada square ensures high visibility and accessibility. The original lobby retains its ornamental details and stunning WF Norman sheet metal ceilings, adding to the building's character and historical significance. The rear section of the building maintains its impressive cathedral-height ceilings, adorned with medallions, and even retains the original balcony from its theatrical past. This architectural detail provides a unique and captivating atmosphere. The property sits on a 0.07-acre lot. Given its rich history and flexible layout, this building is ideal for a variety of uses, including a reception hall or event venue. The asking price for this exceptional property is $65,000. This is a rare chance to own a piece of Nevada's history and create a thriving business in a vibrant downtown setting.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1930
Total area 2,260 SF
Lot 0.07 ac (3,136 SF)
APN 18-2.0-04-304-000-097.010
UPID US48-1992552

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Alternative Medicine Practice
  • Hair Salon Nail Salon

Location

119 W Cherry St Nevada, MO 64772
Nevada metro Census 950400
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2007
1 recorded transaction
2007
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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