125 Main St Nevada, MO 64772
- Commercial real estate
- 4,400 SF
- 0.07 lot acres
Current Use by Public Records
- Tower Loan / Loan Agency / Financial Institution
- Lincare / Medical Equipment Supplier
Property Details for 125 Main St
- Year built
- 1900
- Lot size
- 0.07 lot acres
- Property size
- 4,400 SF
- Property type
- Commercial real estate
- APN
- 18-2.0-04-304-000-054.000
- APU
- 182004304000054000
Description
This exceptional commercial property at 125 N Main Street, Nevada, Missouri, presents a lucrative investment opportunity. The 0.06-acre lot features a building currently leased for $800 per month, with the lease expiring March 31st, 2023. The tenant holds a five-year renewal option at a monthly rate of $950, commencing April 1st, 2023, should they choose to exercise it. The main floor offers 2200 square feet of versatile space, including a half-bath, and ample storage. An unfinished upper level provides additional potential, although it lacks heating and air conditioning. Note that the seller also owns the adjacent property at 123 N Main Street. A crucial detail for potential buyers is that the HVAC system serving 123 N Main Street is located on this property (at 125 N Main Street, in the rear). To ensure a smooth transition, an easement will be provided to address this shared HVAC system should the two buildings be sold separately. This property is priced competitively at $69,900 and offers significant potential for future income and growth. The strong existing lease provides immediate return on investment, while the flexible upper level allows for expansion or customization to suit a variety of business needs. This is a rare opportunity to acquire a well-located commercial property in a thriving Missouri community.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Nevada
- County
- Vernon
- State
- Missouri
- Longitude
- -94.3583
- Latitude
- 37.839
