700 Kingshighway St Perryville, MO 63775-2104
This exceptional commercial property, situated at 700 S Kingshighway Street in Perryville, Missouri, presents a unique investment opportunity. Boasting a highly visible corner location at the intersection of State Highway 61 and Highway E, this property benefits from an impressive 4,085 average annual daily traffic count (AADT) as of 2023, ensuring significant exposure for any business. The building itself offers 1,488 square feet of well-maintained space, currently configured as a completely remodeled office area, complete with a warehouse and a full bathroom. Recent renovations are extensive and include a new metal roof, updated wiring and plumbing systems, brand new insulation, and upgraded gutters. The property sits on a 0.26-acre lot, providing ample space for potential expansion into the existing warehouse area, allowing for future growth and adaptation to suit a variety of business needs. This turnkey property is offered at an attractive price of $159,900, making it an affordable entry point into the Perryville commercial market. The combination of high visibility, recent renovations, and expansion potential makes this an ideal investment for entrepreneurs and business owners seeking a thriving location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.