Current Use by Public Records
- Apartment buildings
Property Details for 550 2Nd St
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a 58,288 square foot, three-story apartment building situated on a 72,611 square foot lot in Boonville, Missouri. Currently zoned for commercial use, this property offers immense potential for redevelopment. The asking price is $950,000, translating to $16.30 per square foot. Originally a historical corn cob pipe factory, the building is eligible for significant historical tax credits: 35% at the state level and 20% federally, based on estimated rehabilitation costs of $11 million. Located at 550 2nd St, Boonville, MO 65233, this 1.5-acre property in Cooper County presents a unique chance to acquire a landmark building with substantial upside. A comprehensive plan is included to guide the maximization of the property's value and historical significance, making this a truly remarkable investment opportunity in a vibrant, growing town. The property consists of one building and offers a compelling blend of historical charm and future development prospects.
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
- Boonville
- County
- Cooper
- State
- Missouri
- Longitude
- -92.7479
- Latitude
- 38.9728
