118-120 E MORRISON ST, Fayette, MO 65248

Property Description

Come see one of Fayette's most beautifully constructed two-story buildings. This turnkey and fully occupied all brick building is located on the main square in Fayette, MO. Offering an exceptional opportunity for investors or owner-operators. Built in 1900 and thoughtfully restored in recent years, this asset known to its current owner as "Fayette Square" combines historic character with modern functionality. The property features two spacious ground-floor commercial spaces with direct street-front access, large display windows with ornate glasswork, and impressive high ceilings accented by detailed crown molding. Above each commercial unit are two generously sized residential apartments, each exceeding 1,600 square feet, both having very high ceilings throughout. One apartment offers 3 bedrooms and 2 full bathrooms, including walk-in showers and a large jacuzzi tub. The second apartment includes 2 bedrooms and 2 full bathrooms with shower/tub combinations. This solid, well-maintained building is ready for immediate use and presents a strong income-producing asset with very little owner-paid expense in a prime downtown location.