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    OFF-MARKET
    Retail properties & Spaces

    23157 Highway 54, Hermitage, MO 65668

    4,000 SF 0.76 ac lot Built 1980
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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