121 S Sprigg St - Storefront Retail/Office FOR SALE


Cape Girardeau, MO 63703
$1,175,000 USD
573-472-4800
121 S Sprigg St, Cape Girardeau, MO for Sale
$1,175,000 USD
Storefront Retail/Office - FOR SALE
1/78
null | Request Cap Rate

121 S Sprigg St
Cape Girardeau, MO 63703


HIGHLIGHTS

  • The property has the potential to increase its income by leasing the vacant retail suite at market rent, presenting an opportunity to boost cash flow.
  • Purchase the property well below replacement cost, providing a buffer against market fluctuations
  • Corner lots benefit from increased visibility and traffic, which will attract more customers and tenants.
  • The large size of the lot may allow potential expansion or redevelopment opportunities for the buyer, increasing the property’s long term value.
  • Having a successful grocer as an anchor tenant can draw additional foot traffic, benefitting future tenants and contributing to a vibrant center.

OVERVIEW

Check out this great investment opportunity located in downtown Cape Girardeau, Missouri! With approximately 36,000 square feet, and just under 2.5 acres, this property has unlimited potential. Located just minutes from the Mississippi river and The Bill Emerson Memorial Bridge connecting Illinois and Missouri. Property is also located just half a mile away from Southeast Missouri State University. The Save-A-Lot is still operating on the east side of the building with approximately 20,000 square feet. This side also includes a loft for extra storage, 3 loading docs, a large utility room/space, and multiple large, walk-in refrigeration and freezer containers. On the west side of the building, formerly known as "Freds" includes approximately 16,000 square feet, a former space used for a pharmacy, and a large open room. This building and property have great potential to become one of the top locations in a growing and developing downtown Cape Girardeau!

FOR SALE DETAILS

PRICE

$1,175,000 USD

PRICE/SF

$33 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Save-A-Lot

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.34 AC

LAND SF

101,930 SF

ZONING

C

APN/PARCEL ID

21-106-00-33-00100-0000

ASK ABOUT THIS PROPERTY

Brandon SparksSMG RealtyMore Info
573-472-4800

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Brandon SparksSMG RealtyMore Info
573-472-4800

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.