Turnkey Dealership Near MO State Capital 1202 S Business 54 19,885 SF Retail Building Online Auction Sale Fulton, MO 65251

Marcus & Millichap is pleased to present 1202 S 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 and features a functional layout with showroom and office space, extensive service bays, a well-organized back-of-house area, and approximately 263 striped surface parking spaces supporting customer and operational needs.

Positioned along South Business 54, Fulton’s primary north-south commercial corridor, the property benefits from strong frontage and visibility, with traffic counts exceeding 8,500 vehicles per day (VPD), and convenient access to Highway 54, which links directly to the Central Business District (CBD), and to Columbia and Jefferson City, both approximately 25 miles away.

Zoned C-2, 1202 S Business 54 supports a range of commercial uses, with surrounding properties comprising a mix of retail, service, office, and residential uses that support demand for sales- and service-oriented real estate.

Currently vacant and delivered free of tenancy, 1202 S Business 54 offers investors and owner/users a clean slate for repositioning, re-tenanting, or owner occupancy without near-term lease consideration. Underlying fundamentals of the Fulton market are supported by a stable, 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 educational institutions. Callaway County maintains stable employment, with unemployment at approximately 3.3% as of mid-2025, below the statewide average, supporting long-term occupancy for well-located commercial assets.

The sizable site area, flexible C-2 zoning, and the surplus land component support a range of automotive, retail, and commercial uses. Additional flexibility allows for re-tenanting or adaptive reuse, including senior housing, healthcare, or alternative commercial or mixed-use concepts. This optionality provides investors and owner/users the ability to reposition, repurpose, or expand the existing improvements, offering both immediate usability and longer-term value-add potential within a stable, well-supported market.

Property tours are by appointment only. Please contact the listing broker to schedule.