Investment Overview

Marcus & Millichap is pleased to present 1202 South Business 54, a vacant former automotive dealership located in Fulton, Missouri. The subject property consists of approximately 19,885 square feet of dealership and service improvements situated on 5.165 acres, including approximately 1.5 acres of surplus land. Constructed in 2014, the facility was purpose built for automotive sales and service use and features a functional layout with showroom and office space, extensive service bays, and a large paved parking field. Strategically positioned along Business 54, the primary north south commercial corridor serving Fulton, the property benefits from strong frontage, visibility, and convenient access to Highway 54. The surrounding area is characterized by a mix of commercial, retail, and service-oriented uses, with proximity to residential neighborhoods and the city’s central business district. The site’s size, zoning, and surplus land component offer investors and owner users the opportunity to reposition, repurpose, or expand the existing improvements, making the asset well suited for automotive, sales and service, retail, or other commercial uses consistent with C 2 zoning. The Fulton market is supported by a stable and diversified local economy anchored by major institutional employers, including Fulton State Hospital, Ameren Missouri’s Callaway Energy Center, Dollar General’s regional distribution facility, and multiple public and private educational institutions. Callaway County benefits from consistent employment levels, with unemployment measured at approximately 3.3 percent as of mid 2025, below the statewide average. The property is located along Business 54 (VPD 8,569) , the primary north south commercial corridor serving Fulton, providing direct connectivity to the city’s central business district and convenient access to Highway 54 spanning 1,200 miles, which links the market to Columbia and Jefferson City, both approximately 25 miles away. The surrounding area includes a mix of retail, service, office, and residential uses, supporting demand for commercial and sales service oriented real estate. While overall growth in the market has been measured, population and employment stability are expected to continue, supporting long term occupancy for well located commercial assets.