301 Franklin StKirksville, MO 63501

Property Details for 301 Franklin St

Year built

1955

Lot size

0.13 AC

Property size (Sq ft)

1,664 SF

Property type

Retail properties

Property subtype

Auto shops

APN

13-02.0-09-002-03-03.000

APU

13020090020303000

Description

This exceptional opportunity presents the chance to acquire a thriving, award-winning restaurant situated in the heart of Kirksville, Missouri. Located on a 5,832 square foot lot at 301 S Franklin St, this 918 square foot, single-story building boasts a prime location between Truman State University and AT Still University, ensuring a consistent flow of customers. Built in 1952 and renovated within the last 10 years, the property is zoned for Central Business District (CBD) use and includes 10 parking spaces. The business operates within a single unit, currently enjoying 100% occupancy. This turnkey operation offers a seamless transition for the new owner, with the current owners providing comprehensive training and support, including sharing their prized recipes. The established restaurant has cultivated a loyal clientele and an excellent reputation, evidenced by numerous accolades and positive online reviews. The asking price for this exceptional investment opportunity is $450,000. This is an ideal acquisition for both seasoned restaurateurs and aspiring entrepreneurs seeking a well-established business with a proven track record of success in a vibrant college town setting.

• CAP approach

  CAP return

  Valuation

  6%

  $458,513

  6.5%

  $423,242

  7%

  $393,011

• Comparable approach

  Method

  Valuation

  Relative Method

  $326,908

  Geo Method

  $326,908

• Alternative Use

  Use

  Valuation

  Residential

  $357,021

  Hospitality

  $327,029

  Educational

  $272,084

  Medical

  $281,442

  Retail

  $423,242

Location Insight

City

Kirksville

County

Adair

State

Missouri

Latitude

40.1966

Longitude

-92.5835

CBSA code

28860

CBSA name

KIRKSVILLE, MO MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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