1220 E 15Th St Joplin, MO 64804
- Turn key restaurants
- 2,960 SF
- 0.32 lot acres
Current Use by Public Records
- Big R's BBQ / Restaurant / Caterer
Property Details for 1220 E 15Th St
- Year built
- 1950
- Lot size
- 0.32 lot acres
- Property size
- 2,960 SF
- Property type
- Turn key restaurants
- APN
- 19-1.0-11-40-17-1.001
- APU
- 19101140171001
Description
This exceptional opportunity presents the chance to acquire a thriving, well-established barbecue restaurant in the heart of Joplin, Missouri. The 2,960 square foot restaurant is renowned for its authentic hickory-smoked meats, famous homemade pies, and commitment to using fresh, scratch-made ingredients, including daily baked rolls. This turnkey operation includes all real estate, furniture, fixtures, and equipment (FF&E), along with valuable proprietary recipes. The sale also encompasses a mobile smoker unit and a catering van, providing significant additional revenue streams. Extensive training is available for the new owner, ensuring a smooth transition. The business already benefits from a robust catering schedule with numerous events booked well into the future. An attractive, changeable LED sign enhances visibility and attracts customers. While the property itself sits on zero acres, additional parking is conveniently located on leased land across the street. The restaurant also features a fully operational bar serving beer, wine, and liquor. This is a rare chance to own a profitable, iconic Joplin establishment with a proven track record and significant growth potential. The asking price is $650,000. Further financial details are available upon request.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $275,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $395,000
- 6.5%
- $375,000
- 7%
- $350,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $390,000
- Geo Method
- $320,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $385,000
- Retail
- $340,000
- Mixed-Use
- $395,000
- Hospitality
- $320,000
- Educational
- $420,000
- Residential Income
- $405,000
- Energy
- $380,000
- Income-Based Land
- $380,000
- Food Service
- $435,000
Location Insight
- Map
- Local Demand
- City
- Joplin
- County
- Jasper
- State
- Missouri
- Longitude
- -94.501
- Latitude
- 37.0744
- CBSA code
- 27900
- CBSA name
- JOPLIN, MO METROPOLITAN STATISTICAL AREA