Property profile

611 Cherry St Troy, MO 63379

OFF-MARKET
Retail properties & Spaces
7,500 SF
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Property summary

AI-generated overview

This exceptional commercial property located at 611 E Cherry St, Troy, MO 63379 presents a unique investment opportunity. Priced at $75,000, this 7,500 square foot retail space sits on a sizable 50 x 150 foot lot in the heart of downtown Troy. The property includes an existing building featuring a one-car garage and two office spaces. While the current structure lacks water and sewer connections, this offers a blank slate for redevelopment and customization to perfectly suit your business needs. The lot's convenient location provides easy access to public water and sewer services, simplifying any future development plans. This prime location in Lincoln County, Missouri, offers significant potential for a variety of commercial ventures, from retail shops to storage facilities. The property's size and central location make it an attractive option for entrepreneurs seeking a foothold in the thriving Troy, MO market. This is a rare chance to acquire a substantial commercial property in a desirable downtown location at an attractive price point. The existing building provides immediate utility, while the lack of existing connections allows for complete design flexibility. Don't miss this chance to shape the future of your business in this dynamic Missouri town.

Property profile

Verified
Property type Retail properties & Spaces
Total area 7,500 SF

Cap rate & NOI

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

Location

611 Cherry St Troy, MO 63379
Troy metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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