462 State Hwy 21 Doniphan, MO 63935
This versatile 1,080-square-foot commercial property, located at 462 State Hwy. 21 in Doniphan, Missouri, presents a unique investment opportunity. Priced at $139,900, this retail space sits on a 1.1-acre lot and offers significant potential for various business ventures. Previously utilized as a gym and tanning salon, the building boasts a functional layout including a bathroom and shower. The property's zoning allows for multiple uses, providing flexibility for prospective buyers. Its prime location on Highway 21 ensures high visibility and accessibility, making it an ideal spot for attracting customers. The building is being sold as-is, with equipment not included in the sale price. This turnkey operation is ready for immediate occupancy and presents a compelling opportunity for entrepreneurs and investors seeking a profitable venture in a thriving Missouri community. The property is situated in Ripley County, Missouri, with a zip code of 63935. No restrictions are in place, allowing for a wide range of potential uses. This is a rare opportunity to acquire a well-located commercial property at an attractive price point.
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
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.