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    OFF-MARKET
    Turn key restaurants

    1703 Oak St, Canton, MO 63435-1596

    4,224 SF 1.3 ac lot Built 2010
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US48-1846682
    Property summary
    AI-generated overview

    This exceptional 4,224-square-foot restaurant facility presents a unique investment opportunity in Canton, Missouri. Built in 2010, this well-established buffet restaurant boasts a prime location just off US Highway 61, experiencing high daily traffic exceeding 7,500 vehicles. Its striking bright blue metal roof ensures high visibility and easy recognition. The property's strategic location, adjacent to a gas station, Steak n' Shake, a hotel, and a bank, and near a shopping strip including Subway, Dollar General, and a regional grocery store, guarantees a steady flow of potential customers. Serving a substantial population of approximately 30,000 residents within a 15-mile radius, and only 15 minutes from Quincy, Illinois, this restaurant enjoys a wide customer base. The interior comfortably seats 150-170 guests and includes a versatile banquet room, consistently generating significant revenue through 3-4 large catering events annually. The 1.86-acre lot offers ample space for future expansion or development. The current lessees are prepared for a smooth transition, potentially offering a negotiated transfer period to facilitate a seamless ownership change. This property is adaptable, suitable for continuing the existing successful buffet operation or repurposing for alternative uses such as retail or a dollar store.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 2010
    Total area 4,224 SF
    Lot 1.3 ac (56,628 SF)
    APN 21-21-01449.00
    UPID US48-1846682
    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
    • Saints Avenue Cafe Restaurant Buffet
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Owner & transaction history
    Mo North East Properties LLC · 3 yrs held
    Mo North East Properties LLC
    since 2022
    1 recorded transaction
    2022
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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