705 Mount Vernon Blvd Mount Vernon, MO 65712
- Retail properties
- 0.90 lot acres
Current Use by Public Records
- Retail properties
Property Details for 705 Mount Vernon Blvd
- Year built
- 1997
- Lot size
- 0.90 lot acres
- Property type
- Retail properties
- Property subtype
- Land
Description
This exceptional commercial property, located at 705 E Mt Vernon Blvd, Mount Vernon, MO 65712, presents a lucrative investment opportunity. The 0.9-acre lot houses a single-story, 1997-built structure encompassing 56 self-storage units. The property boasts a highly visible location, easily accessible from I-44 and Mt Vernon Blvd, ensuring high traffic and exposure. Currently zoned for commercial use (APN: 099031004001005001), this property offers significant upside potential due to below-market rents and a 50% vacancy rate. The asking price is $250,000, translating to approximately $4,464.29 per unit. This presents a unique chance to acquire a well-situated commercial property with immediate income generation potential and significant room for rental rate increases. The property's strategic location near I-44 provides excellent visibility and accessibility, making it an ideal investment for both seasoned and new investors seeking a strong return on investment. The existing structure, built in 1997, provides a solid foundation for immediate revenue generation and future expansion. This is a rare opportunity to capitalize on a prime commercial location with substantial growth 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
- Mount Vernon
- County
- Lawrence
- State
- Missouri
- Longitude
- -93.8101
- Latitude
- 37.0943
