119 W Cherry St, Nevada, MO 64772
For Sale
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This unique 2,260 square foot building, constructed in 1930, presents a compelling investment opportunity in the heart of Nevada, Missouri. Originally Nevada's playhouse, this historic property offers a versatile space adaptable to a variety of commercial uses. The building features individual rooms suitable for office space, or the open area could easily be configured for retail purposes. Its prime location on the south side of the Nevada square ensures high visibility and accessibility. The original lobby retains its ornamental details and stunning WF Norman sheet metal ceilings, adding to the building's character and historical significance. The rear section of the building maintains its impressive cathedral-height ceilings, adorned with medallions, and even retains the original balcony from its theatrical past. This architectural detail provides a unique and captivating atmosphere. The property sits on a 0.07-acre lot. Given its rich history and flexible layout, this building is ideal for a variety of uses, including a reception hall or event venue. The asking price for this exceptional property is $65,000. This is a rare chance to own a piece of Nevada's history and create a thriving business in a vibrant downtown setting.
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Holle L. Renfro, DC Alternative Medicine Practice
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Twisted 7 Salon & Jays I Repair Hair Salon Nail Salon
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.