305 Columbia St, Farmington, MO 63640
This exceptional 19,729-square-foot commercial property, located at 305 W Columbia in Farmington, Missouri, presents a unique investment opportunity. Built in 1940, this former church boasts a rich history and stunning architectural details, including stained-glass windows, a pipe organ, and a bell tower. The building sits on a one-acre lot and is zoned for commercial use. The main level features a large open space, previously used as a sanctuary, with numerous pews, including those in a balcony. A finished basement provides ample additional space, including classrooms, offices, a kitchen area, and versatile rooms suitable for various uses. This property is designated as a historical building and may qualify for TIF funding from the City of Farmington for potential improvements. The substantial square footage, combined with its unique character and historical significance, makes this property ideal for adaptive reuse and a variety of commercial ventures. The property's location in downtown Farmington offers excellent visibility and accessibility. This is a rare chance to acquire a landmark building with significant potential for a creative and successful business. Serious inquiries are encouraged to explore the full range of possibilities this remarkable property offers.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.