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$ 498,000
Est. payment | /mo
10.45 Acres Lot
$ 498,000
Est. payment | /mo
10.45 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Deguires Sub
MLS Listing ID 26019716
Year Built 1963
Annual Tax Amount $2,911
Lot Size 10.450 Acres
Acres 10.45
Property Description
10.5± AC Mixed-Use Commercial Investment | Hotel, Apartments, Restaurant Potential | Hwy 67 Frontage
Located along Business Highway 67 in Cherokee Pass (Fredericktown, MO), this 10.5± acre commercial property offers a rare opportunity to acquire a multi-income, multi-building asset with exceptional redevelopment potential.
Positioned just off US Highway 67 and near State Highway A, the property benefits from outstanding visibility, convenient access, and steady traffic, making it well suited for hospitality, food service, residential rentals, commercial use, or future redevelopment.
**Existing Improvements Include:**
• Former hotel with approximately 13 units, ideal for motel, extended-stay lodging, workforce housing, or short-term rental conversion.
• Quadplex providing immediate or future residential rental income.
• Existing restaurant building ready for renovation, lease, or repositioning.
• Multiple electric meters and service connections.
The existing layout and infrastructure allow the property to operate as a true mixed-use investment or be divided into multiple income-producing components, offering flexibility for investors, developers, or owner-operators.
**Hospitality Opportunity**
Renovate and reopen the existing hotel as a boutique roadside motel, extended-stay lodging, workforce housing, or short-term rental destination serving regional tourism, business travelers, and highway traffic.
**Food & Beverage**
Bring the restaurant back to life as a diner, café, coffee shop, bar, event venue, or franchise location, creating a destination for locals while providing an amenity for overnight guests.
**Residential Income**
Stabilize or improve the quadplex and lodging units to generate long-term rental income, extended-stay accommodations, or housing for traveling professionals and contractors.
**RV or Mobile Home Expansion**
Existing utilities provide an excellent foundation for developing RV hookups or mobile home sites, creating additional recurring income with lower development costs.
**Owner-Operator Opportunity**
Ideal for an owner seeking to live and work on-site while operating a restaurant, lodging business, retail operation, or service business with multiple revenue streams from one location.
**Key Advantages**
• Prime highway frontage with excellent visibility.
• Multiple existing buildings provide a faster path to income.
• Existing utility infrastructure offers significant development cost savings.
• Flexible layout supports phased redevelopment or multiple business models.
• 10.5± acres provides room for future expansion or reconfiguration.
• Owner financing available for qualified buyers.
**Positioning Opportunity**
This is far more than a single commercial property—it's an established commercial campus with the flexibility to become a roadside hospitality destination, live/work investment, diversified income-producing property, regional business center, or branded destination concept. Whether you're an investor, developer, entrepreneur, or owner-operator, this property offers the infrastructure, acreage, location, visibility, and flexibility to unlock substantial long-term value for years ahead.
Located along Business Highway 67 in Cherokee Pass (Fredericktown, MO), this 10.5± acre commercial property offers a rare opportunity to acquire a multi-income, multi-building asset with exceptional redevelopment potential.
Positioned just off US Highway 67 and near State Highway A, the property benefits from outstanding visibility, convenient access, and steady traffic, making it well suited for hospitality, food service, residential rentals, commercial use, or future redevelopment.
**Existing Improvements Include:**
• Former hotel with approximately 13 units, ideal for motel, extended-stay lodging, workforce housing, or short-term rental conversion.
• Quadplex providing immediate or future residential rental income.
• Existing restaurant building ready for renovation, lease, or repositioning.
• Multiple electric meters and service connections.
The existing layout and infrastructure allow the property to operate as a true mixed-use investment or be divided into multiple income-producing components, offering flexibility for investors, developers, or owner-operators.
**Hospitality Opportunity**
Renovate and reopen the existing hotel as a boutique roadside motel, extended-stay lodging, workforce housing, or short-term rental destination serving regional tourism, business travelers, and highway traffic.
**Food & Beverage**
Bring the restaurant back to life as a diner, café, coffee shop, bar, event venue, or franchise location, creating a destination for locals while providing an amenity for overnight guests.
**Residential Income**
Stabilize or improve the quadplex and lodging units to generate long-term rental income, extended-stay accommodations, or housing for traveling professionals and contractors.
**RV or Mobile Home Expansion**
Existing utilities provide an excellent foundation for developing RV hookups or mobile home sites, creating additional recurring income with lower development costs.
**Owner-Operator Opportunity**
Ideal for an owner seeking to live and work on-site while operating a restaurant, lodging business, retail operation, or service business with multiple revenue streams from one location.
**Key Advantages**
• Prime highway frontage with excellent visibility.
• Multiple existing buildings provide a faster path to income.
• Existing utility infrastructure offers significant development cost savings.
• Flexible layout supports phased redevelopment or multiple business models.
• 10.5± acres provides room for future expansion or reconfiguration.
• Owner financing available for qualified buyers.
**Positioning Opportunity**
This is far more than a single commercial property—it's an established commercial campus with the flexibility to become a roadside hospitality destination, live/work investment, diversified income-producing property, regional business center, or branded destination concept. Whether you're an investor, developer, entrepreneur, or owner-operator, this property offers the infrastructure, acreage, location, visibility, and flexibility to unlock substantial long-term value for years ahead.
Location
State MO
County Madison
Area 713 - Fredericktown
Interior
Fireplace N
Exterior
View Y/N No
Building
Structure Type Unknown
Others
Acceptable Financing Cash, Conventional, Seller Financing
Listing Terms Cash, Conventional, Seller Financing
Special Listing Condition Listing As Is
Listed by Adam Mikesch • Rooted Real Estate & Auction Co.
Nearby Locations
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