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$ 850,000
Est. payment /mo
Active Under Contract
921 S Jefferson Lebanon, MO 65536
18,240 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial & Indr.
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 18,240 sqft
Price per Sqft $46
Subdivision Ritz 8
MLS Listing ID MAR24077380
Construction Status Unknown
Annual Tax Amount $1,491
Lot Size 1.450 Acres
Acres 1.45
Property Sub-Type Commercial & Indr.
Property Description
As a kid did you ever dream of owning a theatre? Well this is the next best thing... buy the building and the land!!!
The Lebanon Ritz 8 building is listed for sale for the first time ever! Built in 1992 for the current tenant, this is a building with a proven record of cash flows. Building is currently leased through 9/30/2029 with built in renewal option(s) and increases on 5 year increments. As the only theatre in a growing town, it has and is set to remain a landmark in the community.
Listed with an over 8% CAP rate, this is a great investment opportunity to build long term wealth. Lessor only responsible for land taxes and roof maintained. Current tenant has been in for 30+ years!!! Purchase also comes with 1/3 ownership of the parking lot and, if you've sharpened your pencil you'll realize that this is a VERY attractive deal for the savvy investor.
The Lebanon Ritz 8 building is listed for sale for the first time ever! Built in 1992 for the current tenant, this is a building with a proven record of cash flows. Building is currently leased through 9/30/2029 with built in renewal option(s) and increases on 5 year increments. As the only theatre in a growing town, it has and is set to remain a landmark in the community.
Listed with an over 8% CAP rate, this is a great investment opportunity to build long term wealth. Lessor only responsible for land taxes and roof maintained. Current tenant has been in for 30+ years!!! Purchase also comes with 1/3 ownership of the parking lot and, if you've sharpened your pencil you'll realize that this is a VERY attractive deal for the savvy investor.
Location
State MO
County Laclede
Area Lebanon City Limits
Zoning C1
Interior
Heating Forced Air
Cooling Electric
Fireplace N
Exterior
Utilities Available Cable Available, Electricity Available, Gas to Site, Water Available, Sewer Available, Phone Available
View Y/N No
Roof Type Flat
Building
Sewer Public Sewer
Water Public
Construction Status Unknown
Others
Special Listing Condition Some Accessible Features, None
Listed by Ozark Empire Realty
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