1703 Oak St - Retail FOR SALE


Canton, MO 63435
$499,000 USD
217-202-0924
1703 Oak St, Canton, MO for Sale
$499,000 USD
Retail - FOR SALE
1/29
null | Request Cap Rate

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1703 Oak St
Canton, MO 63435


HIGHLIGHTS

  • Outstanding location on State Hwy 61!
  • Quincy, IL Metro!
  • Located near other popular retail and dining establishments!

OVERVIEW

This 4,224 square-foot restaurant facility in Canton, MO, built in 2010, offers a prime opportunity for prospective buyers seeking a well-established business in a high-traffic location. The facility, which has operated as a buffet since its inception, has successfully navigated the challenges of the COVID-19 pandemic and continues to serve as a popular dining destination. Situated just off U.S. Hwy 61 with over 7,500 vehicles per day passing by, the property benefits from its visibility and accessibility, drawing customers from the local area and beyond. The facility is easily recognizable with its striking bright blue metal roof, making it an eye-catching landmark. Adjacent to a gas station, Steak n' Shake, a hotel, and a bank, this location also enjoys close proximity to a shopping strip offering a Subway, Dollar General, and a regional grocery chain. With approximately 30,000 residents within a 15-mile radius, Canton is just 15 minutes from Quincy, IL, further expanding its customer base. The restaurant seats 150-170 guests and features a banquet room that has proven popular for large events and catering, generating substantial profits with 3-4 large catering events annually. The property includes 1.86 acres, providing ample space for additional development. The restaurant facility is ideal for those looking to take over an existing operation or potentially reposition the space for other uses, such as retail or a dollar store. The current lessees are ready to transition, and there may be an opportunity to negotiate a transfer period to assist with the ownership transition.

FOR SALE DETAILS

PRICE

$499,000 USD

PRICE/SF

$118 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Saints Avenue Cafe

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Bar, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

90

LAND DETAILS

LAND ACRES

1.86 AC

LAND SF

81,022 SF

ZONING

C

APN/PARCEL ID

21-21-01449.00

ASK ABOUT THIS PROPERTY

Jon FisherMr. LandmanMore Info
217-202-0924

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Jon FisherMr. LandmanMore Info
217-202-0924

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.