23157 Highway 54 Hermitage, MO 65668
This exceptional commercial property, located at 23157 Highway 54 in Hermitage, Missouri, presents a unique investment opportunity. The 0.76-acre lot features a 4,000 square foot building currently operating as a successful flea market, generating income from booth rentals. The seller does not own the existing inventory. A significant advantage is the inclusion of a three-bedroom, two-bathroom apartment with a large screened porch, offering comfortable living quarters or potential for additional rental income. The property's prime Highway 54 location ensures high visibility and convenient access for customers. Its attractive design and ample shelving provide a versatile space adaptable to various retail uses. The building's history of attracting customers from a wide area demonstrates its strong potential for continued success. This turnkey operation offers a blend of commercial and residential components, making it an ideal investment for entrepreneurs seeking a profitable venture with immediate income potential. The property is zoned for commercial use and is situated in Hickory County, Missouri, zip code 65668. This is a rare opportunity to acquire a well-established business with significant upside potential. The asking price is $299,900.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.