Historic Fayette Building Retail
122 E Morrison St Unit fayette Fayette, MO 65248
122 E Morrison St Unit fayette, Fayette, MO, 65248
$79,900
For Sale
$79,900
Charming Historic Building on the Square in Fayette
Property Size1,900 SF
Price / SF$42.05
Days on Market138
Property Features for 122 E Morrison St Unit fayette
General Information
- Standard status
- Active
- Property type
- Storefront properties, Office buildings, Creative space, Individual retail properties, Office Spaces
- Size
- 1,900 SF
- Total Parking Spaces
- 2
- Elevators
- No
Building Details
- Year Built
- 1874
- Year Renovated
- 2024
- Buildings
- 1
- Stories
- 1
- Units
- 1
Listing Office
(573) 228-8408
Listed by
Chris
(573) 228-8408
Added: Mar 1 Checked: Apr 8 at 2:26 pm
Investment Insights
Based on property information with market context.
This property features 1920 square feet of storefront retail space situated on the square in historic downtown Fayette. The property includes the main level retail space and the entire basement. Front and rear entrances provide the option to divide the building into separate spaces with common facilities. The building is a recently renovated historic bank building. The second and third floors are separately owned. An easement agreement is in place, and building insurance is prorated between owners. The property is available for immediate possession.
Key Highlights
- Turnkey
- Redcently renovated
- historic bank building
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $10.5k | $5.52 |
| − Vacancy | −$170 | −$0.09 |
| EGI | $10.3k | $5.43 |
| − OpEx | −$3.1k | −$1.63 |
| NOI | $7.2k | $3.80 |
1,900 SF · lease $5.52/SF/yr · vacancy 1.62% · expense 30.00%
Alternative Uses
Best Use
Retail
$103.2K
$90.3K – $120.4K
NOI $7,223 @ 7.0% cap · market cap 9.04%
Second Best
Office B
$52.6K
$46.0K – $61.3K
NOI $3,680 @ 7.0% cap · market cap 4.61%
Theoretical Best
Warehouse
$294.6K
$257.8K – $343.7K
NOI $20,620 @ 7.0% cap · market cap 25.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Sheep Dog Creations ...
(Bike/Boat/Book/etc) Store
Red Dirt Rag ...
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Charming Historic Building on the Square in Fayette
Where is this storefront property located?
The property is located at 122 E Morrison St Unit fayette Fayette, MO.
What is the asking price?
The asking price for this property is $79,900.
What are key features of this property?
This property features: Turnkey; Redcently renovated; historic bank building
