2 Columbia St Farmington, MO 63640-3101
This exceptional commercial property, located at 2 W Columbia Street in the heart of Farmington, MO, presents a unique investment opportunity. Encompassing an entire city block, this substantial building offers 18,000 square feet of versatile space, providing unmatched visibility and high foot traffic. Its central downtown location ensures maximum exposure to potential customers. Currently, a portion of the building is already leased, generating immediate rental income. This existing income stream provides a solid foundation for future growth and expansion. The upper level presents significant untapped potential, suitable for conversion into additional office space or the creation of attractive residential apartments. The 0.33-acre lot provides ample space for various uses and future development. This property is ideally suited for investors seeking a strong return on investment or entrepreneurs looking to establish a thriving business in a prime, high-traffic location. The building's size and location make it a rare find in Farmington's most desirable area. Don't miss this chance to acquire a truly exceptional commercial property with significant upside potential. The asking price is $1,125,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.