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    Newburg, MO 65401

    For Sale
    $254,500

    Historic Route 66 retail space with apartments.

    Property size:
    4,742 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 4,742 sq ft storefront, situated on 1.29 acres along Historic Route 66 in Rolla, Missouri (zip code 65401), presents a unique investment opportunity. Built in 1950, the property boasts 548 feet of I-44 frontage between exits 189 and 195, offering unparalleled visibility and accessibility. Previously home to a successful, long-standing business, the building has served as a retail store, memorabilia shop, and showroom for classic and late-model cars. Adding to its income potential, the property includes two one-bedroom apartments located on the lower level. The property also features sturdy billboard poles, ideal for advertising or as a distinctive landmark. The asking price is $254,500, translating to $55.88 per square foot. Given its prime location on a heavily trafficked section of Historic Route 66, this property offers significant potential for a variety of commercial ventures. The expansive lot and existing infrastructure provide a solid foundation for a new business or the continuation of an established one. This is a rare chance to acquire a piece of Route 66 history with significant commercial potential.

    Property Features for 0

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,742 SF
    Lot Size
    56,192 SF

    Building Details

    Year Built
    1950

    HighLights

    • $254,500 asking price for this 4,742 SF retail storefront.
    • Located on 1.29 acres in Rolla, Missouri, on historic Route 66 with I‑44 frontage.
    • Features 548 feet of frontage between exits 189 and 195.
    • Includes two one‑bedroom apartments, providing additional income potential.
    • Property also has billboard poles suitable for advertising.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Newburg
    County
    Phelps
    State
    Missouri
    Longitude
    -91.693805977862
    Latitude
    37.983385776343

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    FAQs

    What type of property is this?
    Individual retail property - Historic Route 66 retail space with apartments.
    Where is this individual retail property located?
    The property is located at Newburg, MO.
    What is the asking price?
    The asking price for this property is $254,500.
    What are key features of this property?
    This property features: $254,500 asking price for this 4,742 SF retail storefront.; Located on 1.29 acres in Rolla, Missouri, on historic Route 66 with I-44 frontage.; Features 548 feet of frontage between exits 189 and 195.
    Request Owner's contact information
    Newburg, MO 65401
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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
    Newburg, MO 65401
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