304 3Rd St Salem, MO 65560
This exceptional commercial property, located in Salem, Missouri's vibrant downtown area, presents a unique investment opportunity. Priced at $225,000, the property includes a building and a fully equipped restaurant/resale shop. The business is turnkey, offering all equipment and furnishings for immediate operation. Post-renovation, the space comfortably seats over 100 patrons. Four bathrooms are conveniently located throughout. The restaurant boasts superior, high-end appliances, extensive tableware (including Oneida silverware, dishes, bowls, cups, and more), pots, pans, mugs, a beer cooler, and an ice holder. High tables and stools are included for the bar area, adding to the versatile layout. A piano is also part of the sale. The 0.08-acre lot houses the building. It's important to note that the property sustained some damage from a tornado and high winds several years ago, resulting in broken windows. This presents a chance to acquire a well-equipped business in a desirable location at a reduced price, allowing for potential renovation and further enhancement. The property's prime downtown location offers excellent visibility and accessibility. This is an ideal opportunity for an entrepreneur seeking an established business with significant potential. The sale includes all fixtures, equipment, and furnishings, making this a truly turnkey operation.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.