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    OFF-MARKET
    Commercial real estate

    700 Carleton St, Farmington, MO 63640

    0.39 ac lot Built 1970
    Individually Owned 2-yr Hold
    Property ID
    US48-1191897
    Property summary
    AI-generated overview

    This exceptional 8,000 square foot mixed-use property presents a remarkable investment opportunity in Farmington, Missouri. Located on a high-traffic section of Karsch Blvd, this versatile building boasts excellent visibility and ample parking. Previously used as a church, the main level offers a vast open space ideal for a variety of uses, including events, retail, or creative studios. A fully equipped kitchen and three bathrooms add to its functionality. The upper level comprises six individual offices and two bathrooms, perfect for professional offices or adaptable to a custom design. Adding to the income potential, a two-bedroom apartment is included, suitable for rental income or on-site living. The property sits on a 0.39-acre lot, providing ample space and potential for future expansion or outdoor amenities. Its prime location and flexible layout make this property an attractive proposition for a wide range of businesses and investors. The asking price is $299,900. This is a rare chance to acquire a substantial commercial property in a thriving area with significant upside potential. Don't miss this opportunity to transform this unique building into your next successful venture.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1970
    Lot 0.39 ac (16,988 SF)
    UPID US48-1191897
    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
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Missouri Operation For Vigorous Eva · 2 yrs held
    Missouri Operation For Vigorous Eva
    since 2024
    2 recorded transactions
    2024
    2024
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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