806-820 Progress DR, Farmington, MO 63640
806-820 Progress DR, Farmington, MO 63640
806-820 Progress DR, Farmington, MO 63640
806-820 Progress DR, Farmington, MO 63640
806-820 Progress DR, Farmington, MO 63640
806-820 Progress DR, Farmington, MO 63640
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Kathy Helbig

Kathy Helbig

+1(636) 385-5095
$ 1,600,000
Est. payment | /mo

2.53 Acres Lot

Save
$ 1,600,000
Est. payment | /mo
Save

2.53 Acres Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Farmington Executive Park

MLS Listing ID 26019817

Year Built 1999

Annual Tax Amount $7,247

Lot Size 2.530 Acres

Acres 2.53

Property Description

Rare government lease investment opportunity located in Farmington, MO! This four-building property is currently leased to USDA/Farm Services Agency through 2034 (guaranteed through November 2027), with additional tenants to be added. USDA/FSA has occupied the property since 1999. The main 7,237 SF office building (812 Progress Dr.) has recently been remodeled with new furnace, two new A/C units, new doors, new ductwork, and new flooring. The rear building (820 Progress Dr.) is 2,127 SF with a shop, office, loft storage, and overhead door, currently leased to Missouri Department of Conservation. The property sits on 2.53 acres with a pond, a vacant 800 SF shop (806 Progress Dr.) with garage door and restroom (accessible via easement from Captain D's), and a new 400 SF utility shed with fenced parking bullpen that is shared between tenants. The next year and a half has over $191,000+ net operating income (10.63% initial cap rate). Don't miss this great Core Plus investment opportunity!

Location

State MO

County St. Francois

Interior

Heating Forced Air

Cooling Central Air, Wall Unit(s)

Fireplace N

Exterior

Fence Chain Link

View Y/N No

Building

Water Public

Structure Type Brick,Metal Siding

Others

Ownership Private

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by Chris Cole • Lorimont L.C.

NEARBY SCHOOLS & PROPERTIES

Kathy Helbig

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(636) 385-5095

propertyinfo@experience-re.com

100 Chesterfield Business Parkway, Suite 320, Chesterfield, Missouri 63005, United States

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806-820 Progress DR