Mixed-Use Land for Sale in Theodosia, Missouri

Rare Mixed-Use Investment Opportunity Near Bull Shoals Lake.Incredible opportunity to own a profitable, turnkey restaurant plus retail space and residential home on highly visible US-160 near Bull Shoals Lake, with approximately 1,000-5,000 vehicles passing daily. This unique live work property sits on 3.3 acres and offers over 5,000 square feet of commercial space, a large parking lot with approximately 50 parking spaces, and a 1650 sf, 3-bedroom, 2-bath rustic home that could serve as a private residence, nightly rental, employee housing, or fishing lodge.Cody's is a fully operational and established restaurant generating over $100,000 in bottom line profit, producing an impressive 26.17% cap rate. The business produced $117,762 in profit in 2024, demonstrating strong demand and significant upside potential for expanded hours or additional concepts.The property features a fully equipped commercial kitchen, dining area, and a separate attached retail/commercial space ideal for a shop, antique mall, lake outfitter, boutique, or additional food concept. With excellent highway frontage and steady lake traffic, the location benefits from both seasonal tourism and loyal year-round locals.Situated just minutes from the Bull Shoals Lake public boat launch, the area draws visitors for boating, fishing, golf, and lake recreation, making this property perfectly positioned to capture consistent traffic.With 3.3 acres of land, there is also room for expansion and additional income streams. Potential uses include: Develop the retail space for antiques, boutique retail, or lake outfitter Bait and tackle shop with fishing guide service Nightly rental lodge or cabins Boat or outdoor recreation sales RV sites or campground Storage units or boat storage Flea market or specialty retail Car lot or equipment salesSeller willing to consider owner financing. Call for details.