201 3Rd St Hannibal, MO 63401
- Commercial real estate
- 0.90 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 201 3Rd St
- Lot size
- 0.90 lot acres
- Property type
- Commercial real estate
- APN
- 010.08.28.2.30.001.000
- APU
- 100828230001000
Description
This exceptional investment opportunity presents two interconnected commercial buildings situated in Hannibal, Missouri's historic district at 201 N Third Street and 308 Center Street. The main building, a three-story structure, and its adjacent companion building offer a combined total of significant square footage (including 2300 square feet in the secondary building). Both buildings are listed on the historic registry, showcasing a beautiful brick facade and classic architectural details. Currently, all twelve offices are under lease, providing immediate and consistent income. The property boasts a versatile layout ideal for a variety of professional services, benefiting from the high visibility and foot traffic of Hannibal's bustling downtown area, with its convenient access to dining and shopping options. Recent upgrades include a new HVAC system, updated electrical systems, and a new roof. The elevator system is maintained under a regular service agreement. Additional features include ample storage space, private restrooms on each floor, and well-maintained common areas. The 0.43-acre lot provides ample space for the buildings and potential future expansion. This is a unique chance to acquire a piece of Hannibal's rich history and a thriving commercial property with strong rental income. The property is offered at $750,000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hannibal
- County
- Marion
- State
- Missouri
- Longitude
- -91.3564
- Latitude
- 39.7079
- CBSA code
- 25300
- CBSA name
- HANNIBAL, MO MICROPOLITAN STATISTICAL AREA
