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$1,800,000

For Sale

23 days ago

MLS® 26019817

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes $7,247
Days Active 22
Approx. Age 1999
MLS® Number 26019817

Property Address: 806-820 Progress Dr, Farmington, MO, 63640-9157

Average square foot calculated using Size range provided by listing agent.

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!
MLS® Number26019817
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1999
Stories1
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 3, 2026List Date
$1,800,000List Price
  • Commute

Commute

Starting Address
Destination Address
806-820 Progress Dr, Farmington, MO

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