Price Per SF
$36
Gross SQFT
35,782
Year Built
1990
Property Type
Retail
LEAD LISTING AGENT
Email
[email protected]
License No.
743252 (TX)
Direct
+1 (214) 295-8565
Mobile
+1 (952) 356-2999
ADDITIONAL LISTING AGENT
INVESTMENT HIGHLIGHTS
- Value Add through Lease Up – 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.
- Low Basis – Purchase the property well below replacement cost, providing a buffer against market fluctuations. Acquiring a property at a low basis positions the asset well for potential appreciation.
- Large Corner Lot with Plenty of Parking – Corner lots benefit from increased visibility and traffic, which will attract more customers and tenants. This prime location in downtown Cape Girardeau enhances the desirability of the property.
- Potential Redevelopment – The large size of the lot may allow potential expansion or redevelopment opportunities for the buyer, increasing the property’s long term value.
- Strong Performing Grocer – Having a successful grocer as an anchor tenant can draw additional foot traffic, benefitting future tenants and contributing to a vibrant retail center.
Broker of Record
- Kyle Matthews
- License No. 2022018843 (MO)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 1600 West End,
Ste. 1500 Nashville, TN 37203