Property profile

19980 State Rte Memphis, MO 63555

OFF-MARKET
Retail properties & Spaces
26,080 SF Built 1983
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Property summary

AI-generated overview

This exceptional retail property, located at 19980 State Route MM in Memphis, Missouri, presents a significant investment opportunity. The 26,080 square foot building, constructed in 1983, boasts a prime location along US Highway 136 and State Route MM, offering substantial street frontage and shared parking with a grocery store and pharmacy. Previously occupied by several successful retail businesses including Memphis Mercantile, Pamida, Places, and Shopko, this versatile space is currently vacant and ready for a new tenant. Recent upgrades include a new security system, six new AC units, updated lighting, and a new walk-in cooler and freezer. The property also features a greenhouse and a large 68,000+ square foot parking lot, providing ample space for customers and potential for outdoor sales. Situated in the Scotland County seat, Memphis, the property benefits from a population of approximately 2,000 within city limits and an additional 3,000 in rural Scotland County. While property lines are estimated, this substantial retail space offers immense potential for a variety of commercial uses. Asking price is $875,000.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1983
Total area 26,080 SF

Cap rate & NOI

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

Location

19980 State Rte Memphis, MO 63555
Memphis metro
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Value estimations

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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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