23157 Highway 54, Hermitage, MO 65668
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.
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.