213 Broadway StElsberry, MO 63343

Property Details for 213 Broadway St

Year built

1947

Lot size

0.07 AC

Property size (Sq ft)

1,840 SF

Property type

Bars

Property subtype

Pubs

APN

02-50-21-004-026-010.000

APU

25021004026010000

Description

Exceptional opportunity to acquire Shooters Saloon, a well-established bar and restaurant in Elsberry, Missouri. Located on Broadway Street, this turnkey business boasts nearly 7,000 square feet of space, comfortably seating approximately 100 patrons. Generating nearly half a million dollars in annual revenue, this property offers a strong 17.17% cap rate and a net operating income (NOI) of $120,000. The asking price is $699,000, translating to $101.30 per square foot. Recent renovations in 2023 included updates to the restrooms, HVAC system, and roof. The sale includes all inventory, the business name and likeness, and the real estate itself. The property sits on a 3,006 square foot lot and includes 10 parking spaces. Existing staff are interested in remaining, and the current owner is willing to provide training during the transition. This single-story, Class C building presents a rare chance to own a profitable, established business with significant cash flow potential. The property is a single unit on a private ownership.

• CAP approach

  CAP return

  Valuation

  6%

  $723,646

  6.5%

  $667,981

  7%

  $620,268

• Comparable approach

  Method

  Valuation

  Relative Method

  $361,485

  Geo Method

  $361,485

• Alternative Use

  Use

  Valuation

  Residential

  $563,467

  Hospitality

  $516,133

  Educational

  $429,416

  Medical

  $444,185

  Retail

  $667,981

Location Insight

City

Elsberry

County

Lincoln

State

Missouri

Latitude

39.1661

Longitude

-90.7826

CBSA code

41180

CBSA name

ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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