121 S Sprigg St
Cape Girardeau, MO 63703
Save-A-Lot · Retail Property For Sale
INVESTMENT 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.
- Corner lots benefit from increased visibility and traffic, which will attract more customers and tenants.
- Having a successful grocer as an anchor tenant can draw additional foot traffic, benefitting future tenants and contributing to a vibrant center.
- Purchase the property well below replacement cost, providing a buffer against market fluctuations
- The large size of the lot may allow potential expansion or redevelopment opportunities for the buyer, increasing the property’s long term value.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
35,782 SF
Building Class
C
Year Built
1990
Price
$1,300,000
Price Per SF
$36
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.35
Lot Size
2.34 AC
Zoning
C
PROPERTY TAXES
| Parcel Number | 21-106-00-33-00100-0000 | Improvements Assessment | $148,380 |
| Land Assessment | $35,370 | Total Assessment | $183,750 |
