Property profile

23157 Highway 54 Hermitage, MO 65668

OFF-MARKET
Retail properties & Spaces
4,000 SF 0.76 ac lot Built 1980
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Property summary

AI-generated overview

This exceptional 4,000 square foot retail property, situated on a 0.76-acre lot at 23157 Highway 54 in Hermitage, Missouri, presents a unique investment opportunity. Currently operating as a successful flea market with numerous individual vendor booths (inventory not included), the business benefits from a loyal customer base drawn from a wide area. The attractive layout features ample shelving, showcasing the potential for diverse retail ventures. A significant advantage is the inclusion of a spacious three-bedroom, two-bathroom apartment, complete with a large screened porch. This attached living space offers comfortable owner-occupancy or generates substantial rental income, providing a dual revenue stream. The property's location on Highway 54 ensures high visibility and accessibility, maximizing exposure to potential customers. The asking price is $285,000. This turnkey operation offers immediate income potential and the flexibility to adapt to various retail concepts. The combination of established business and residential space makes this a truly rare find in the Hermitage market. Don't miss this chance to own a thriving business and comfortable living space in one convenient location.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1980
Total area 4,000 SF
Lot 0.76 ac (33,106 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

23157 Highway 54 Hermitage, MO 65668
Hermitage metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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