107 Main St Fayette, MO 65248-1451
This exceptional commercial property, located at 107 N Main ST, Fayette, MO 65248, is offered at $255,000. The main level currently operates as a fully equipped, turnkey restaurant and bar, featuring two modern bathrooms and a layout designed for efficient service. The property's prime location on Fayette's vibrant town square ensures high visibility and accessibility, surrounded by other businesses and attractions. A significant advantage is the unfinished upstairs apartment, accessible via a separate entrance. This space presents a versatile opportunity for development, potentially serving as a stylish loft, additional office space, or a rental income suite. The building's proximity to the Howard County Courthouse and its position within the heart of the town square, a frequent location for community events and festivals, adds to its appeal. This property offers a unique blend of established commercial space and significant upside potential in the upstairs area, making it an ideal investment for entrepreneurs or those seeking a mixed-use property in a thriving Missouri town. The property's potential extends beyond its current configuration, allowing for customization and expansion to suit a variety of needs and aspirations. This is a rare opportunity to acquire a piece of Fayette's history and vibrant commercial landscape.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.