Highway 51 Perryville, MO 63775
- Commercial real estate
- 5.81 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for Highway 51
- Lot size
- 5.81 lot acres
- Property type
- Commercial real estate
Description
This exceptional 5.81-acre commercial parcel is strategically located on Highway 51 in Perryville, Missouri, offering unparalleled visibility and high traffic counts. The C-2 zoning allows for a diverse range of business ventures, including office space, retail establishments, service businesses, restaurants, hotels, and even multi-family residential developments. The property boasts significant road frontage directly on Highway 51/Perryville Boulevard, ensuring easy access and maximum exposure. The thriving area is experiencing rapid growth, with numerous new businesses currently under construction, indicating a strong and expanding market. This presents a unique opportunity for developers or investors seeking to capitalize on this burgeoning commercial landscape. The property's size also allows for the potential subdivision and sale of smaller tracts, maximizing return on investment. Furthermore, a crucial element for development has already been secured: an easement for sewer access from an adjacent property, which is officially recorded. This removes a significant hurdle in the development process, streamlining the path to construction and occupancy. This is a rare opportunity to acquire a substantial commercial property in a prime location with significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Perryville
- County
- Perry
- State
- Missouri
- Longitude
- -89.9907
- Latitude
- 37.5982
