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    51 State Hwy Perryville, MO 63775

    For Sale
    $184,900

    3.7 Acres, Highway 51 Frontage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 3.7-acre commercial land parcel presents a unique development opportunity in the thriving north end of Perryville, Missouri. Located on State Highway 51, this property boasts excellent visibility and high traffic counts, ensuring maximum exposure for any commercial venture. The corner lot location provides ample space and accessibility. While currently outside city limits, the property's proximity to city utilities makes annexation a straightforward process. This advantageous position offers easy access to essential services, minimizing development complexities. The site's versatility makes it suitable for a wide range of commercial uses, from retail establishments to light industrial facilities. Its strategic location near existing industrial businesses further enhances its appeal. The asking price is $184,900, representing a compelling investment opportunity in a rapidly growing area. Consider this prime location for a convenience store, or any business seeking high visibility and convenient access to Perryville's infrastructure. The property's size and location make it an ideal candidate for a variety of commercial developments, promising significant return on investment. Don't miss this chance to secure a prominent piece of Perry County real estate. The zip code is 63775.

    Property Features for 51 State Hwy

    General Information

    Property type
    Land
    Lot Size
    161,172 SF

    HighLights

    • 3.7‑acre commercial land parcel in Perryville, MO.
    • Suitable for various commercial uses, including retail and light industrial.
    • Corner lot in north Perryville, offering excellent visibility and high traffic counts on State Highway 51.
    • City utilities readily accessible, simplifying annexation.
    • Prime location near existing industrial businesses.
    • Ideal site for a convenience store.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Perryville
    County
    Perry
    State
    Missouri
    Longitude
    -89.9100988
    Latitude
    37.6907994

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    FAQs

    What type of property is this?
    Land - 3.7 Acres, Highway 51 Frontage
    Where is this land located?
    The property is located at 51 State Hwy Perryville, MO.
    What is the asking price?
    The asking price for this property is $184,900.
    What are key features of this property?
    This property features: 3.7-acre commercial land parcel in Perryville, MO.; Suitable for various commercial uses, including retail and light industrial.; Corner lot in north Perryville, offering excellent visibility and high traffic counts on State Highway 51.
    Request Owner's contact information
    51 State Hwy Perryville, MO 63775
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    51 State Hwy
    Perryville, MO 63775
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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
    51 State Hwy Perryville, MO 63775
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