0 July Rd, La Plata, MO 63549
This exceptional 11.83-acre commercial land parcel in La Plata, Missouri, presents a prime investment opportunity. Strategically located on US Highway 63, approximately 10 minutes south of Kirksville, at the intersection of State Highway 156, this property boasts over 1400 feet of highway frontage. The site currently features five commercial buildings, all leased to various local businesses, generating a current annual rental income of $49,200. With ample space (approximately 523,000 square feet) and 51 parking spaces, this property is ideal for a variety of commercial ventures, including trucking, gas stations, convenience stores, and retail developments. Its high visibility and high-traffic location in a thriving neighboring suburb of Kirksville ensure strong potential for growth and return on investment. The property's location in Macon County, Missouri, zip code 63549, offers easy access to major transportation routes and a strong local market. This is a rare opportunity to acquire a well-established commercial property with significant income potential in a desirable location. The asking price is $750,000.
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
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.