Current Use by Public Records
- Retail properties & Spaces
Property Details for 19980 State Rte
- Year built
- 1983
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Scotland
- State
- Missouri
- Longitude
- -92.163
- Latitude
- 40.4495
