1 Olive St, Aurora, MO 65605
This exceptional 0.27-acre property at 1 W Olive Street in Aurora, Missouri, presents a unique investment opportunity. The building, a beautifully renovated former hotel, offers a versatile layout ideal for a variety of commercial ventures. The main structure boasts ample space suitable for a restaurant, complete with a dedicated kitchen and dining area, plus a separate entrance for a bar or lounge. Adding to its flexibility, five individual storefronts are available, perfect for offices, boutiques, small cafes, or other retail businesses. The previous owner has undertaken significant improvements, addressing and resolving previous roof leaks and completing extensive repairs and cleaning throughout the building. This turnkey property is ready for immediate occupancy and offers significant potential for a savvy investor or entrepreneur looking to establish a thriving business in a desirable location. The building's history and character combine with its modern updates to create a truly unique and attractive commercial space. The property's prime location in Aurora ensures high visibility and accessibility, making it an excellent choice for a variety of commercial uses. The asking price of $79,900 represents an exceptional value for this well-maintained and versatile commercial property. Don't miss this chance to own a piece of Aurora's history and build your future. The square footage is not currently available.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.