1332 1St St Kennett, MO 63857
This exceptional 1.52-acre commercial lot presents a remarkable investment opportunity in Kennett, Missouri. Ideally situated in a high-traffic area, this property boasts excellent visibility and accessibility. Located at 1332 First Street, the land is directly adjacent to the parking lot of a Walmart Supercenter, ensuring significant foot and vehicle traffic. Its proximity to the intersection of Highways 84 and 412 further enhances its strategic location. The lot measures approximately 157 feet by 422.3 feet (lot size is approximate). Currently zoned I-1, this property is perfect for a variety of commercial ventures. A 2,000 square foot house is situated on the property, offering potential for immediate use or future redevelopment. The property's location within Section 36, Township 19, Range 9, provides clear legal identification. This prime location is further enhanced by its adjacency to a 17-acre parcel also available for purchase (MLS#24010389), presenting potential for large-scale development. This is a rare opportunity to acquire a highly visible and accessible commercial lot in a thriving retail area. The asking price is $300,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.