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Listed by Atalie Blackwell • Platinum Realty LLC
$ 199,000
Est. payment /mo
New
102 S Thornton ST Richmond, MO 64085
2,896 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2638066
Year Built 1880
Annual Tax Amount $1,070
Lot Size 2,896 Sqft
Acres 0.06648301
Property Sub-Type Other
Source hmls
Property Description
Own a piece of Richmond history with this exceptional commercial opportunity in the heart of downtown! Originally built in 1880 as the Exchange Bank, this historic building has been thoughtfully converted into three business spaces, with current rental income of $2,000 per month and the potential to reach approximately $2,600 with the existing vacancy filled.
But the opportunity doesn't stop there! There is significant additional space available to develop and create even more income-producing areas. The entire upstairs is currently a blank canvas and was once used as apartments, offering endless possibilities for additional business or rental space. The expansive backside of the building features a large open area with beautiful exposed brick walls, just waiting to be transformed and updated to match the existing spaces.
With solid tenants who plan to be here for the long haul, existing income, historic character, and substantial untapped square footage, this property offers both immediate investment potential and room to grow. Located right in the heart of downtown Richmond, this is a rare opportunity to own a piece of local history while creating your own vision for the future. The possibilities are truly endless!
Owner/Agent
But the opportunity doesn't stop there! There is significant additional space available to develop and create even more income-producing areas. The entire upstairs is currently a blank canvas and was once used as apartments, offering endless possibilities for additional business or rental space. The expansive backside of the building features a large open area with beautiful exposed brick walls, just waiting to be transformed and updated to match the existing spaces.
With solid tenants who plan to be here for the long haul, existing income, historic character, and substantial untapped square footage, this property offers both immediate investment potential and room to grow. Located right in the heart of downtown Richmond, this is a rare opportunity to own a piece of local history while creating your own vision for the future. The possibilities are truly endless!
Owner/Agent
Location
State MO
County Ray
Zoning Comm
Interior
Fireplace N
Exterior
Utilities Available Electricity Available, Natural Gas Available
Building
Story 2
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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