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… Read More 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! Read Less
Listing courtesy of Lorimont L.C..
Listing Snapshot
Days Online
29
Last Updated
Property Type
Commercial Sale
Lot Size
2.53 Acres
Year Built
1999
MLS Number
26019817
30 Days Snapshot Of 63640
$288k
-2%
(avg) sold price
22
+29%
homes sold
71
-4%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Construction Materials: "Brick", "Metal Siding", Year Built: 1999
Cooling
Cooling: "Central Air", "Wall Unit(s)"
Disclosures
Disclosures: "No Other Known Restrictions"
Fence
Fencing: "Chain Link"
Heating
Heating: "Forced Air"
Income
Net Operating Income: 191402
Lot
Lot Size Acres: 2.53, Lot Size Source: Public Records, Lot Size Square Feet: 110206.8 Sq.Ft.
Property
Current Use: "Industrial", "Office"
Taxes
Annual Tax Amount: 7247, Tax Year: 2025
Utilities
Electricity Available: "220 Volts", Water Source: "Public"
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