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Property profile & analytics
OFF-MARKET
Retail space

616 Oak St Lathrop, MO 64465-9737

1,473 SF 0.04 ac lot Built 1903
Entity Owned Absentee Owner Free & Clear
Property ID
US48-2669030
Property summary
AI-generated overview

This exceptional commercial property located at 616 Oak Street in Lathrop, Missouri, presents a unique opportunity for a discerning business owner. Boasting nearly 1600 square feet of versatile space, this building offers a blend of historical charm and modern accessibility. The property features a convenient two-sided handicapped-accessible ramp, providing easy entry for all patrons. A welcoming front canopy adds curb appeal and protection from the elements. Inside, the building showcases beautiful hardwood floors and impressive high ceilings, accented by the original decorative wood ceiling, adding to its character and ambiance. Three large display windows provide excellent natural light and visibility from the street, ideal for showcasing products or services. The property includes a fully functional kitchen and bathroom facilities on the main level. An added bonus is an upper loft area, complete with its own bathroom, offering additional space for storage, office use, or even a private apartment. This adaptable space has a rich history, having previously served as a photography studio, church, and hardware store, demonstrating its versatility and suitability for a wide range of businesses. Its prime downtown location in Lathrop offers excellent visibility and accessibility for customers. This is an exceptional opportunity to establish or relocate your business in a charming and well-situated building. The asking price is $69,900.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1903
Total area 1,473 SF
Lot 0.04 ac (1,568 SF)
APN 10 07.1 25 003 001 010.000
UPID US48-2669030
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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
CARL LOCKE LLC
CARL LOCKE LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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