470 Commercial St Aldrich, MO 65601
- Commercial real estate
- 600 SF
- 0.47 lot acres
Current Use by Public Records
- United States Postal Service / Post Office / Logistics Service
Property Details for 470 Commercial St
- Lot size
- 0.47 lot acres
- Property size
- 600 SF
- Property type
- Commercial real estate
Description
This exceptional investment property in Aldrich, Missouri presents a unique opportunity to acquire a 600 square foot commercial building situated on a 0.47-acre corner lot. The property boasts prime highway frontage along Highway 123, ensuring high visibility and accessibility. Currently, the building houses the local Post Office, operating under a five-year lease agreement with a monthly rental income of $291.66. This lease includes the cost of electricity, landscaping, lawn mowing, and snow removal, minimizing ongoing maintenance responsibilities for the owner. The property is serviced by a private well, eliminating reliance on municipal water services. Located within the Lakeview subdivision, this 600 square foot block building represents a rare find in the Aldrich market. The asking price for this turn-key investment is $80,000. The property's strategic location and existing lease agreement make it an attractive proposition for investors seeking a stable income stream and potential for future appreciation. Access is easily achieved via Highway 123 from Fair Play or Highway T from Bolivar. A property sign is visible from the road. This is a truly exceptional opportunity to own a piece of Aldrich's commercial landscape.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Aldrich
- County
- polk
- State
- Missouri
- Longitude
- -93.5482793
- Latitude
- 37.5494047
