201 Roosevelt St Salem, MO 65560
- Commercial real estate
- 0.26 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 201 Roosevelt St
- Year built
- 1945
- Lot size
- 0.26 lot acres
- Property type
- Commercial real estate
Description
This prime commercial property, located at 201 E Roosevelt Street in Salem, MO, sits on a 0.26-acre lot at the highly visible corner of Highway 19 S and Roosevelt Street. The building offers excellent street frontage and visibility, enhanced by a lighted, partially wrap-around front porch. Access is convenient with two front entrances and the potential for a handicap-accessible ramp. Ample parking is available in a gravel lot accessible from both Roosevelt Street and Highway 19 S. The interior comprises two distinct areas, ideal for separate businesses or a single larger operation. One area, suitable for office use, measures approximately 304 square feet and boasts recent renovations including tongue-and-groove walls and ceilings, updated flooring, and upgraded wiring. The second area, approximately 805 square feet, offers an open layout with endless possibilities for retail or other commercial uses. The property's current price is $129,900. Note that an aerial view is available (approximate dimensions), and a survey will be conducted to separate a small house located on the northeast corner of the lot upon acceptance of an offer. This presents a unique investment opportunity in a high-traffic location.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Dent
- State
- Missouri
- Longitude
- -91.5354
- Latitude
- 37.6318
