123 Commercial St Lebanon, MO 65536-3143
This stunning, historically renovated 6050 square foot commercial building is located in Lebanon, Missouri's vibrant downtown business district at 123 W Commercial Street. The property boasts beautifully preserved original features including exposed brick walls, tin ceilings, and original wood floors, seamlessly blended with modern updates. Large storefront garage-style windows open directly onto the bustling Commercial Street sidewalk, providing excellent visibility and street access. The building is fully code-compliant, featuring three ADA-compliant restrooms renovated with historical fixtures, a three-floor sprinkler system, three-phase electric, and new plumbing. The absence of load-bearing interior walls allows for flexible and easy renovations to suit a variety of uses. Currently configured as a restaurant with a chef's kitchen and a second-floor bar/party room, the upper level could easily be converted into a large loft-style residence. The building sits on a prominent corner lot (0.08 acres) offering ample parking at the front, side, and rear, with separate entrances for both the ground floor and the second floor. Leaseback options are available for the current restaurant tenant. This property presents a unique opportunity to own a piece of Lebanon's rich history while enjoying the benefits of a fully modernized and versatile commercial space. The building's prime location and flexible layout make it ideal for a variety of businesses or a mixed-use development.
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The Rail 1868 Restaurant and Tavern Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
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
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Risks
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