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$ 459,000
Est. payment | /mo
4,224 SqFt
$ 459,000
Est. payment | /mo
4,224 SqFt
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 4,224 sqft
Price per Sqft $108
MLS Listing ID 12267771
Year Built 2010
Annual Tax Amount $4,363
Tax Year 2023
Lot Dimensions 120X133X126X37X126X266X307
Property Sub-Type Retail/Stores
Property Description
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.
Location
State MO
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Exterior
View Y/N true
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Listed by Jon Fisher • MR. LANDMAN