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    FOR SALE
    Retail space

    127 E Cherry St, Nevada, MO 64772

    3,156 SF 0.04 ac lot Built 1900
    Individually Owned Absentee Owner Free & Clear
    Property ID
    US48-1999034
    Property summary
    AI-generated overview

    This charming three-story building, originally The Mitchell Hotel, is located at 127 E Cherry Street in Nevada, Missouri (zip code 64772). Built in 1900, this 3,100 square foot retail property sits on a 0.04-acre lot and offers a unique investment opportunity. The main floor has recently operated as a restaurant and bistro, complete with a fully equipped kitchen and commercial hood. Restaurant appliances may be included in the sale, although the business name and operations will not transfer to the new owner. Above the main floor is a two-story, two-bedroom apartment with a balcony, ideal for owner occupancy or as a separate rental unit, generating additional income. Convenient city parking is located directly adjacent to the property. The property's rich history and versatile layout make it suitable for a variety of uses, presenting a compelling opportunity for both business owners and investors. The asking price for this exceptional property is $249,000.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1900
    Total area 3,156 SF
    Lot 0.04 ac (1,742 SF)
    APN 18-2.0-04-304-000-076.010
    UPID US48-1999034
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Ray's Trophies & Awards (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    LONNIE WAYNE WILLEY
    LONNIE WAYNE WILLEY
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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