Current Use by Public Records
- Retail properties & Spaces
Property Details for 1190 Business 54
- Year built
- 2021
- Lot size
- 1.13 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional 16,250-square-foot retail storefront, located at 1190 S Business 54 in Fulton, Missouri, presents a compelling investment opportunity. Built in 2021, this multi-tenant property sits on a 1.13-acre lot and boasts a strong net operating income (NOI) of $77,298. The asking price is $1,300,000, translating to $80 per square foot. The property is zoned for commercial use and features a triple-net (NNN) lease structure. Lease commencement was September 5th, 2021, with 5,793 square feet currently available for lease at $10 per square foot. The building is a "white box" space, offering the potential for a turnkey finish. Its prime location on Business 54 places it within a thriving retail market, benefiting from excellent signage opportunities. The surrounding area demonstrates strong demographics, with a 2020 population within five miles of 12,596 and a median income of $48,692, reflecting a 33% increase since 2000. This property offers significant potential for investors seeking a high-return retail investment in a growing Missouri market. The zip code is 65251, and the property is situated in Callaway County.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fulton
- County
- Callaway
- State
- Missouri
- Longitude
- -91.9583
- Latitude
- 38.8323
