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Property profile & analytics
OFF-MARKET
Commercial land

2705 Market St Hannibal, MO 63401-4565

2.6 ac lot
Individually Owned Absentee Owner Free & Clear
Property ID
US48-2389794
Property summary
AI-generated overview

This exceptional 2.61-acre commercial land parcel presents a unique investment opportunity in the vibrant city of Hannibal, Missouri. Situated at 2705 Market Street, this property boasts a highly desirable location within the city's core. Previously utilized as a mobile home park, the land has been completely cleared and is ready for immediate development, aligning perfectly with a buyer's vision. A significant portion of the acreage is comprised of gravel, providing a solid foundation for various construction projects. While a portion of the grassy area falls within the floodplain, the majority of the land offers ample buildable space. The presence of existing utilities on-site simplifies the development process, minimizing upfront infrastructure costs. This property offers significant potential for a wide range of commercial ventures, from retail and industrial uses to hospitality and more. The asking price of $100,000 represents an exceptional value for a commercial land holding of this size and location in Hannibal. Don't miss this chance to acquire a strategically located commercial property with significant upside potential. The property's cleared state and existing utilities make it an attractive option for developers seeking a quick start on their next project. This is a rare opportunity to secure a substantial commercial land parcel in a thriving Missouri community.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 2.6 ac (113,256 SF)
APN 010.09.31.1.05.002.000
UPID US48-2389794
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
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
SCOTT D GOLLAHER
SCOTT D GOLLAHER
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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