116 Commercial St Lebanon, MO 65536-3144

This exceptional seven-unit shopping center, located at 116 E Commercial St in Lebanon, Missouri, presents a compelling investment opportunity. The property boasts 5,650 square feet of net rentable space, currently occupied by a mix of established businesses, with only one unit vacant. Built in 1978, this single-story building sits on a 7,300 square foot lot and benefits from a desirable DNBZ zoning designation. The property features a 7.62% cap rate and a strong net operating income (NOI) of $38,039. The asking price is $499,000, translating to $88.32 per square foot. The property's prime location in the heart of downtown Lebanon's revitalized commercial district ensures high visibility and foot traffic. Adjacent to ample free city parking and across from the post office, this location benefits from over 20,000 daily vehicle counts. The property also includes a 7,500 square foot parking lot, providing convenient parking for tenants and customers. This sale/leaseback investment offers a stable income stream with potential for future growth in a thriving community. The long-term tenants contribute to a consistent revenue stream, making this an attractive option for investors seeking a solid return on investment.