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Property profile & analytics
OFF-MARKET
Commercial real estate

304 3Rd St Salem, MO 65560

0.08 ac lot Built 1920
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Year built 1920
Lot 0.08 ac (3,485 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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