102 Kingshighway St Sikeston, MO 63801
- Retail properties
- 23,450 SF
- 0.54 lot acres
Current Use by Public Records
- Retail properties
Property Details for 102 Kingshighway St
- Year built
- 1920
- Lot size
- 0.54 lot acres
- Property size
- 23,450 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a well-established, profitable restaurant and lounge in downtown Sikeston, Missouri. Jeremiah's Restaurant & Lounge, a local favorite for over 35 years, boasts 23,450 square feet and strong brand recognition, ensuring consistent revenue streams. The sale includes all business assets, fixtures, furniture, and equipment (FF&E), along with the real estate. The property features five units, including the restaurant and lounge, and three additional ground-floor retail/office suites ideal for expansion or rental income. A sizable off-street parking lot adds convenience. The property sits on a 0.54-acre lot, zoned C-2, and includes a second-floor space (previously a 52-room hotel) offering significant redevelopment potential. Built in 1920, this Class C property is priced at $649,999 ($27.72/sq ft). This turnkey operation offers a unique chance to acquire a thriving business with substantial growth potential in a prime downtown location, leveraging decades of established goodwill within the Sikeston community and surrounding region. The property's diverse unit configuration and substantial square footage provide flexibility for various business ventures and income streams. This is a rare opportunity to own a piece of Sikeston history and build upon its legacy of success.
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
- Sikeston
- County
- Scott
- State
- Missouri
- Longitude
- -89.5875
- Latitude
- 36.8774
