Jeremiah's Restaurant & Lounge

102 North Kingshighway Sikeston, MO 63801

102 North Kingshighway, Sikeston, MO, 63801
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FOR SALE
Property Type:
Restaurant
Amount:
$649,999
Last Verified:
Dec 02, 2024

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Highlights

  • 23,450 SF historic building
  • Zoned C-2 for versatile use
  • Prime location in downtown Sikeston
  • Turnkey restaurant + real estate
  • Ample space for customer parking
  • Potential for adaptive reuse or renovation

Description

Located in downtown Sikeston, Missouri near retail shops, offices, and restaurants is Jeremiah's Restaurant & Lounge, a well-known, local Sikeston staple! This turn-key, profitable restaurant/bar first opened its doors back in the late 1980s. It has strong brand recognition and consistent revenues based on its reputation for consistently serving fantastic food and drink for nearly 35 years. It also has plenty of opportunity for growth! Sale includes business assets, FF&E, and real estate. The rest of the real estate includes three other retail/office suites on the ground floor for restaurant expansion or other business/rental income, a nice off-street parking lot, and a blank slate on the second floor, which previously housed the 52-room Del Ray Hotel but is in need of rehab. Don't miss your chance to capitalize on 35+ years of local and regional goodwill and make this Sikeston tradition your own!

Located in downtown Sikeston, Missouri


Year Built: 1920
Building Size: 23450sq ft
Lot Size: 0.54 acres


Documents

Sale Brochure

Map of 102 North Kingshighway, Sikeston, MO, 63801

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.