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Key Details
Sold Price $49,500
Property Type Commercial
Sub Type Commercial & Indr.
Listing Status Sold
Purchase Type For Sale
Square Footage 1,068 sqft
Price per Sqft $46
Subdivision Schwartz First Addition To Catron
MLS Listing ID 23008843
Sold Date 04/07/23
Construction Status 58
Year Built 1965
Building Age 58
Property Sub-Type Commercial & Indr.
Property Description
Great investment property with established tenant. This block and brick 1068 sq ft building has been the home of the Catron United States Post Office since 1965. Tenant contract renews every 5 years, next renewal date is 2026 with an increase in rent at renewal to $7,060 yearly and 2031 increase to $7,410 annual. Tenant pays all utilities, maintenance and repairs, owner only covers if maintenance doesn't solve the issue and heat/air, etc. has to be replaced. Call listing agent before it is too late,
Location
State MO
County New Madrid
Zoning Commercial
Interior
Heating Forced Air
Cooling Electric
Fireplace N
Exterior
Utilities Available Electricity Available, Water Available, Other
Roof Type Metal
Building
Sewer Septic Tank
Water Public
Structure Type Conventional
Construction Status 58
Others
Acceptable Financing Cash Only, Conventional
Listing Terms Cash Only, Conventional
Special Listing Condition None
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Bought with Ryan Brittingham