276 Fountain Ln, Kimberling City, MO 65686-9356

Property Details for 276 Fountain Ln

Year built

1981

Lot size

6.20 lot acres

Zone code

R-1

Property type

Commercial real estate

APN

14-3.0-05-002-002-005.000

APU

143005002002005000

Description

This exceptional 41,373 square foot mixed-use property in Kimberling City, Missouri, presents a unique investment opportunity. Built in 1981 with a 2007 addition, this former healthcare facility boasts 60 rooms, plus extensive common areas including laundry, kitchen, and dining/reception spaces. Located on a 6.2-acre lot (Lot 18, Table Rock Village), the property features a convenient location on Fountain Lane, a county-maintained road. The east wing offers private bathrooms in each room, while the remainder includes shared bath/shower areas. The property includes all personal property and equipment. A significant asset is an 80 kW propane generator with an automatic transfer switch, ensuring reliable power. Water and sewer services are shared with adjacent properties under a 50/50 agreement. The Missouri DNR outflow permit for the hot water boiler is temporarily modified, but can be reinstated. Individual room heating and cooling is largely in place. Prior to closure in December 2020, the facility leased for approximately $32,000 per month, offering a potential 13% cap rate based on this historical data. The seller will consider a lease option to purchase with sufficient down payment and may negotiate a 6-9 month lease waiver for a 5-year lease. An access easement to the north residential units will be drafted, no less than 30 feet wide. This versatile property is ideal for various uses, including a drug rehabilitation center, restaurant, or monthly rentals (subject to Stone County's nightly rental restrictions).

Location Insight

City

Kimberling City

County

Stone

State

Missouri

Longitude

-93.4476

Latitude

36.6422

CBSA code

14700

CBSA name

BRANSON, MO MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments