110 Elson St Kirksville, MO 63501-3465
Prime opportunity to acquire TP's Office Bar, a well-established Kirksville, MO institution operating for over 35 years. This profitable business is housed in a two-story, 3,672 square foot building located at 110 S Elson St, in the heart of Kirksville, a vibrant college town home to Truman State University, ATSU, and the Missouri School of Dentistry. The asking price is $365,000, translating to $99.40 per square foot. The property is zoned for general commercial use, presenting a significant value-add potential. The upper floor offers versatile space, ideal for leasing as apartments, retail space, or offices, generating additional income streams. All bar furniture, fixtures, and equipment are included in the sale. While currently not serving food, the bar features a kitchen area equipped for food service, allowing a new owner to expand offerings. TP's Office Bar enjoys consistent high volume sales, particularly during college seasons and sporting events, attracting both students and local residents. This turnkey operation presents a unique blend of established business and real estate investment in a thriving Missouri market. The property is a single-tenant building.
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T P's Office Bar & Pub
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.