700 Carleton St, Farmington, MO 63640
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.
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
Similar Nearby for Sale
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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.