301 Franklin St Kirksville, MO 63501-2918
This exceptional opportunity presents the chance to acquire a thriving, award-winning restaurant situated in the heart of Kirksville, Missouri. Located on a 5,832 square foot lot at 301 S Franklin St, this 918 square foot, single-story building boasts a prime location between Truman State University and AT Still University, ensuring a consistent flow of customers. Built in 1952 and renovated within the last 10 years, the property is zoned for Central Business District (CBD) use and includes 10 parking spaces. The business operates within a single unit, currently enjoying 100% occupancy. This turnkey operation offers a seamless transition for the new owner, with the current owners providing comprehensive training and support, including sharing their prized recipes. The established restaurant has cultivated a loyal clientele and an excellent reputation, evidenced by numerous accolades and positive online reviews. The asking price for this exceptional investment opportunity is $450,000. This is an ideal acquisition for both seasoned restaurateurs and aspiring entrepreneurs seeking a well-established business with a proven track record of success in a vibrant college town setting.
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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.