Property summary
This exceptional 3,720 square foot commercial building is located in the heart of downtown Carterville, Missouri, on Historic Route 66. Recently renovated, it boasts a wealth of desirable features including all new energy-efficient windows, impressive 14-foot ceilings, and a new electrical and plumbing system. The roof is only 3 years old. A mini-split HVAC system with a five-head capacity is already installed (currently utilizing two heads). The main floor offers 1,860 square feet of versatile space, currently occupied by a martial arts studio. Upstairs, an additional 1,860 square feet of unfinished space presents a significant opportunity for expansion and customization. Potential uses are numerous, including adding residential units, creating a luxury loft apartment, or developing office spaces with stunning views of Carterville and Route 66. The building's historic location may also qualify for historic tax credits, offering savvy investors additional financial incentives for renovation projects. This property is priced at $150,000. Note that a combined purchase of this property and the adjacent 326 W Main Street is available at a discounted price of $380,000.
Property profile
VerifiedCap rate & NOI
Current use
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Sports School
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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